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It felt a little like Christmas morning to wake up today to the news that Britain’s Labour Party has swept the Conservative Party out of power, reducing the number of Tory seats in Parliament to its lowest number ever. At last, the ghost of Margaret Thatcher has been exorcized. Though there have been two Labour governments in the U.K. since Thatcher, Tony Blair and Gordon Brown, Thatcher’s neoliberalism has been the governing philosophy since 1979.
Here in the U.S., President Biden has done much to lay neoliberalism to rest, though our foolish political media, interested only in political conflict rather than government, have had very little to say about it. Biden’s accomplishments are particularly notable in light of a Congress nearly paralyzed by a right wing desperate to take the U.S. back to the days of the Confederacy.
Though most of the political work of reversing neoliberalism and Thatcherism remains to be done, the intellectual work is solid. I am reading Joseph Stiglitz’s new book, The Road to Freedom: Economics and the Good Society, and will write about it later. Stiglitz drives a stake into the zombie heart of neoliberal dogma. It’s a book that I hope policymakers on both sides of the Atlantic are reading. Now is a good time to become familiar with the thinking (and proposals) of progressive economists, the better to judge what Britain’s Labour Party does now that they have pretty much unchallengeable power, with 412 seats in Parliament compared with the Conservative Party’s ever-so-humiliating 112.
In Scotland, the Scottish National Party lost 38 seats and retains only nine seats in the British Parliament. And in France, it’s looking like the French are going to have to learn about right-wing governments the hard way, like the United Kingdom did. And here in the U.S., we are now in a state of complete chaos and unpredictability until the Democratic Party decides what to do about President Biden. At least in Britain people can sleep easier now.
It really does feel like Christmas! Its a great result, for all the reasons you said. The Labour party now have a big responsibility – and I think Keir understands this – to seriously address underlying economic and social problems. I don’t know what, if any, impact this will have on the US election but maybe it will embolden democrats.
Hi Chenda: I’ve read quite a few articles today about the British election, and what stands out is how many pundits have rushed in to throw cold water on Labour’s gains for one reason or another. There certainly have been times when British politics and American politics were in sync — Thatcher/Reagan, Blair/Clinton. If Americans can beat back MAGA and Trump in November, then maybe it can happen again.