A roadmap for economic renewal

There is much talk from inside and outside government about a state-administered ‘reset’ or ‘reboot’ in order to begin Britain’s economic recovery. But the economy needs something much more far-reaching – namely, a bold and comprehensive reconstruction. Ordinary people must take the lead in our post-Covid recovery. Read the full article here.

Three myths surrounding Boris Johnson’s ‘New Deal’

Prime minister Boris Johnson’s ‘build, build, build’ speech on 30 June failed to throw much light on what, or if, there is a distinctive Johnsonian approach to economic policy. As many commentators noted, the £5 billion he pledged for various infrastructure deployments is a small amount for a government recovery plan, less than one quarter of one per cent of pre-pandemic annual output. This is like turning up to a battle with a water pistol.

As we assess the substance, if any, of Johnsonomics over the coming weeks and months of announcements, we can start by dismissing some of the fanciful narratives that are doing the rounds, both from the government’s supporters and its critics. The first, and most pertinent, myth is that the economic woes we face are primarily the result of the pandemic lockdown. In fact, they long predate it. The second myth is that we are entering a distinctive era of state economic leadership that marks the rejection of ‘neoliberal’ orthodoxies. And the third myth, given Johnson hails his plans as ‘Rooseveltian’, is that President Franklin Delano Roosevelt’s New Deal ended the Great 1930s Depression.

Read the full article here.

Why the West must stop bashing China

Problems in the US are for American people to resolve. Problems within Britain are for British people to sort out. The same applies with regard to China’s national sovereignty. Chinese Communist Party repression against Chinese people, the same as the repression meted out by authoritarian regimes anywhere, will not be resolved by other governments or international bodies stepping in with economic or other weaponry.

The basic solidarity principle to follow is that to be genuine, freedoms have to be secured by ordinary Chinese people. History reveals that durable liberty and democratic politics are not things that can be brought about by government bodies nor by outside institutions, but only by the people themselves.

From this perspective, there are five reasons that Western China-bashing is regressive, counterproductive and dangerous.

Read the full article here.