I don't want to sound like a killjoy but the FT's celebrated conversion to Bevanism is nowhere near enough, or coherent... screengrabs par-by-par: 1/ This is self evident... but...
2/ The societies that went into the war were already a) heavily state-used b) solidaristic c) had a culture of co-operation and even class collaboration: neoliberalism spent 40 yrs destroying this... so you can't revive by magic...
3/ It's not just that people with low-paid/precarious jobs are on the front line by accident: that's how Thatcher, Blair, Clinton etc designed the economy: you can't have high risk finance unless poor people borrow a lot of money...
4/ So in the first 2x pars we have a change inventory as follows:
❎Bring back a culture of solidarity, tolerance for working class self-organisation
❎De-financialise the world and abolish precarious work...
fine... and next?
5/ The inequity problem is framed as generational... but the young are not just suffering from lockdowns/lost pay: they are asset poor and the present form of capitalism has no way of making them asset rich...
6/ This is the existential statement for neoliberalism: are the elite prepared to reverse out of 40 years of financialisation, wage stagnation, deregulation (simultaneously with decarbonising the world)?
7/ Reclassifying current spending as investment should be a no-brainer; active role in the economy means not just shaping investment but being prepared to take command of vital sectors in a crisis - medical supplies now, energy in the future..
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