While people feel the foundations of their lives are shaking, this deep crisis will continue | Clive Lewis
Briefly

While people feel the foundations of their lives are shaking, this deep crisis will continue | Clive Lewis
"This is a legitimacy problem: the legitimacy of a political status quo that appears to monopolise what is considered possible the pace, scope and direction of change. And increasingly, even its right to govern within a democratic system."
"The financial crash exposed the fragility of an economic model decades in the making shaped by Thatcherite marketisation, financialisation and the steady retreat of democratic control from key sectors of the economy. New Labour did not dismantle that settlement; it stabilised and deepened it."
"In the political economy of Peter Mandelson, architect of that thinking, proximity to wealth politically, personally and in policy formation became a mark of seriousness. Labour grew increasingly fluent in the language of markets, less confident in the language of democratic power."
Labour's poor performance in the Gorton and Denton byelection reflects a deeper legitimacy crisis rather than communication or leadership failures alone. The problem stems from a political status quo that constrains what appears possible regarding pace, scope, and direction of change. This crisis originated from the 2008 financial crash, which exposed fragility in an economic model shaped by Thatcherite marketization and financialization. New Labour did not dismantle this settlement but stabilized and deepened it, normalizing liberalized finance, privatized infrastructure, and corporate power deference. Under Peter Mandelson's influence, Labour became fluent in market language while losing confidence in democratic power. Resolving this requires a decisive break with Thatcherism rather than incremental adjustments.
Read at www.theguardian.com
Unable to calculate read time
[
|
]