Credit: BBC |
In 2008,
as the financial crisis was in full swing, David Cameron wrote in the News of
the World (remember that) that ‘this
government [Labour] has maxed out our nation’s credit card’. The fact that
when Labour left office the deficit was incredibly high may seem to vindicate
this line of thinking; yet, by writing this article, Mr Cameron was being
either economically illiterate or, more likely considering Cameron has a First
in PPE, economically misleading. For the credit card analogy to be accurate,
the repayment of government debt has to be identical to the repayment of credit
card debt. It isn’t. Interest payments on government bonds are much lower than
interest payments on credit card debts; and, governments have much better
credit ratings than households. These great differences in credit rating and
interest rates show that is much easier for governments to pay for schools and
hospitals by borrowing than it is for households to buy products through the
use of a credit card. Unfortunately, economic reality has not been given a fair
hearing and the proponents of falsehoods are believed to be the ‘realists’.
The
charge that Labour were profligate has stuck: it is a fact of British life.
Hand-in-hand with this charge has gone the contention that the Conservatives
are mopping up the mess caused by Labour. Polls have shown that in the lead up
to the 2015 election the Tories
were more trusted on the economy and the fact that Ed Miliband failed to
defend himself against the charge that Labour overspent on live TV suggests
that the contentions referenced at the start of this paragraph have become
‘truths’. These statements have been spread by right wing elements- the
Conservative Party and certain tabloids- within British society: Cameron’s NOTW
article is wonderfully representative of this. That these observations have
become accepted truths shows a right wing victory when it comes to owning
history, and the Right may be about to win another victory on the battleground
of the past.
Labour’s
history is marked by periods akin to Civil War: the split in 1931 following
Ramsay MacDonald’s decision to form a National Government, the formation of the
SDP in 1981, and, in 2015, it appears that another war between Left and Right
may be about to commence. In order to come out victorious in what can now be described
as a ‘phoney war’, those on the right are making an effort to own history.
Those warning against Jeremy Corbyn’s election as leader have used a mixture of
insults and warnings about a future in the electoral wilderness.
Insults
are insults which, regardless of who delivers them, don’t deserve to be given
much weight and nobody should waste their time bothering to work out what they
mean. The use of history, in particular the warnings, propagated by the Right
of the Labour Party, of a return to 1983, when Labour lost that year’s election
with the ‘longest suicide note in history’, deserves greater scrutiny. The
attempt to compare Jeremy Corbyn with Michael Foot can be a misleading one to
make as it fails to understand some of the complexities of the past: Margaret
Thatcher went into the ’83 election following a victorious Falkland’s campaign
and it is hard to see the current administration achieving a similarly
momentous military victory before 2020; in addition, Foot was much less
democratic in his approach to the Labour Party than Jeremy Corbyn: Corbyn wants
elections for Shadow Cabinet posts whereas Foot got rid of the one member one
vote system- an event which was instrumental in triggering the SDP split.
Though these differences between Corbyn and Foot may not be enough to disprove
Blairite accusations, a trip further back in time than the early 1980s might.
An MP
from the radical wing of the party is standing for leadership, they have been
treated with contempt not just by the opposition, but by many within their own
party, and it appears as if they are unelectable: for Jeremy Corbyn 2015, see
Margaret Thatcher 1975. Granted, the comparison with Thatcher is a pretty basic
one- Thatcher had cabinet experience, Corbyn doesn’t- yet it shows that history
is much longer, and when combined with the refutation of the ‘don’t return to
the 80s’ argument, much more complex than those commentators on the Right of
the Labour Party appear to believe.
By
attempting to own history, Blairites are seeking to show Labour members that
they face this choice and this choice alone: political wilderness with Corbyn
or a Blairite route to victory. However, this argument is based on a simplified
interpretation and presentation of the past which may seem like the truth but in
fact struggles to be full and accurate. It might be that this Blairite view of
history is merely a misguided one and that the people putting this
interpretation forward aren’t fully aware of what they’re saying; however, it
might be that, like David Cameron, they know what they’re doing. Either way,
for Corbyn and the Left to win, they can’t repeat the mistake of allowing the
Right to own history.
By: Liam Cosgrove
The Labour Leadership Election
Reviewed by Admin
on
22:29
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