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Professor Sayer: “The political power of the wealthy is a threat”

prof-richard-sayerwhy we cant afford rich coverProfessor Andrew Sayer (social theory and political economy, Lancaster University), speaking to a gathering in Settle, said:

We cannot continue to provide the rich and super-rich with unearned income. Their political power is a threat to democracy, and their excessive consumption and dependence on never-ending growth are unsustainable.’

He has expanded on this statement in his book Why We Can’t Afford The Rich, which won the 2015 British Academy Peter Townsend prize.

 

 

 

 

Jeremy Corbyn: The PM’s most influential adviser on the political economy

On 14th July a Moseley reader emailed to say “Theresa May’s speech yesterday sounded more left wing than your mate JC!”

theresa May

My reply was a one year snapshot of her actions in office which belied this humanitarian stance, published earlier on this site:

  • In 2010 she suspended the registration scheme for carers of children and vulnerable people.
  • On 4 August 2010 it was reported that May was scrapping the former Labour Government’s proposed “go orders” scheme to protect women from domestic violence by banning abusers from the victim’s home.
  • This was followed on 6 August 2010 by the closure of the previous Government’s “ContactPoint” database of 11 million under-18-year olds designed to protect children in the wake of the Victoria Climbiéchild abuse scandal.

“Rewarding hard-working people with higher wages”.

This is another of Ms May’s Corbyn-like soundbites made shortly after Corbyn’s description of what he saw as the difference between the  Conservative and Labour offerings, in the form of a question:

bbc kuenssberg 1 

“Do you want to be bargain-basement Britain on the edge of Europe, cutting corporate taxation, having very low wages, having grotesque inequalities of wealth? Or do you want to be a high-wage, high-investment economy that actually does provide decent chances and opportunities for all?”

We read that Theresa May has launched a cabinet committee on the economy and industrial strategy, which she is to chair; it will bring together the heads of more than ten departments and focus on “rewarding hard-working people with higher wages”.

Is Corbyn the most powerful, though least acknowledged of Theresa May’s advisers on the political economy?

If only she would heed him on nuclear and foreign policy issues.