Corbynomics...what is it and can it work?
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Date/Time
Date(s) - Thu 8 October
7:30 pm - 9:00 pm

Location
5th Floor, Hamilton House


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Jeremy Corbyn and Shadow Chancellor John McDonnell are offering a ‘kinder’ politics that is anti-austerity and raises taxes from the rich and powerful corporations. They have appointed the ‘Keynesian’ economists Paul Krugman and Thomas Piketty as advisers. They want to re-nationalise the railways over a five year period and create a national investment bank. This is a welcome break for all socialists from the onslaught of privatisation that we have endured from both Conservative and Labour governments over the last few decades. It offers some hope from the gloom of Tory policies.

But the new Labour leadership also appear cautious in their presentation of ‘Corbynomics’. No mention is made of nationalising the whole banking sector (which after all caused the economic crisis), and the Bank of England would be left as ‘independent’. Would the steel industry be re-nationalised (without compensation to the owners) to save the jobs at Redcar? Would Trident actually be scrapped by the Labour Party and the £100 bn. cost used to fund public services?

We discuss, Keynesianism, the economic crisis, and Corbynomics at this meeting organised by Bristol North Socialist Workers Party. Introduced by Martin Upchurch (co-author of ‘The Crisis of Social Democratic Trade Unionism in Western Europe’, Ashgate, 2009).