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Showing posts with the label "public ownership"

UK: John McDonnell

John McDonnell, Labour Party: I have been a member of the Labour Party and involved in politics for over 45 years.  I have spent these years as a campaigner in my local community and nationally for what I consider to be basic rights- the right to a decent roof over your head in a safe, secure, clean, green environment, a good quality truly creative education, a job and income you can live on, trade union rights at work and an NHS fully funded in public hands so that we receive the treatment we need when s ick.  Throughout the New Labour years, Jeremy and I stayed in the Labour Party and fought for socialism. That meant in 2015 we were there when our chance came. We suffered a defeat in December. But not because of our policies. Public ownership, ending tuition fees and reversing NHS privatisation are all hugely popular. They're all still Labour Party Policy, as is the Green New Deal, and we need to organise to keep it that way. Party members can be forgiven for feeling demoralis

Britain

From the British Labour Party special conference "The report also makes it clear that there should be no return to old models of nationalisation that were adopted after second world war.  They were state industries designed mainly to modernise the economy and provide basic industries to subsidise the capitalist sector.  There was no democracy and no input from workers or even government in the state enterprises and certainly no integration into any wider plan for investment or social need.  This was so-called ‘Morrisonian model’ named after right-wing Labour leader Herbert Morrison, who oversaw the post-war UK nationalisations." Models of public ownership
"When the next financial crisis comes – and it will come because, like earthquakes, only the when and how severe is ultimately up for debate – it seems all but inevitable that once again the public will be called upon to step in and bailout the big financial institutions. There is, however, another option. Instead of panic-driven handouts to corporations and temporary quasi-nationalizations, a plan should be in place for cleanly and transparently taking failing financial corporations into genuine public ownership. Ultimately repurposing them, and shifting their activities away from financialization, speculation, and extraction and towards supporting healthy, prosperous, and equitable local economies as well as a sustainable planet." Buyouts, not bailouts: public banks as a solution to the next crisis
Britain Michael Roberts reporting from a Labour Party conference Models of public ownership and   Why did Labour lose in 1983? "In a way, the myth that it was the 'hard Left' that cost Labour the election is an inverted form of Bennite optimism. It lays all the emphasis upon ideology, agency and leadership, albeit in a thin, polemical way that asks no searching questions of the Labour Right and Centre, long its dominant forces. But, then as now, agency and leadership turn out to depend on far bigger historical processes. And it's their obliviousness to those larger processes that leaves Corbyn's right-wing critics out in the cold, fantasising about re-staging the battles of the 1980s."