Calling bullshit on Labour’s “fiscal realism”

20 Jun

alittleecon

Yesterday we had the launch of the IPPR’s “Condition of Britain” report which I blogged about here. I criticised it for its lack of ambition and its blithe surrender to the ineviabilty of austerity. Indeed, at the launch, IPPR director Nick Pearce referred to austerity as “fiscal realism”. This attitude is pretty typical of Labour people and their hangers-on. I think “fiscal defeatism” would be more accurate. I spotted another example of this defeatism today on the Labourlist blog, in an article written by Labour blogger Emma Burnell. The article is about the IPPR report and starts with this:

“How does social democracy work when there isn’t any money? That is the question that has been taxing those at the top of the Labour Party for some time.”

It’s very common to read articles from “centre-left” people starting with an assertion like this, but my reason for mentioning…

View original post 296 more words

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