The New Worker
The Weekly paper of the New Communist Party of Britain
Week commencing 11th March 2011
PRIME MINISTER David Cameron last weekend told his party’s spring conference that, with no money left in Government coffers, “the only strategy for growth” is to get behind entrepreneurs.
He then launched into a tirade against civil servants and local government officers who do their best to enforce various rules and regulations and declared them “the enemies of enterprise”. He promised that in the coming budget: “We are taking on the enemies of enterprise: the bureaucrats in Government departments who concoct those ridiculous rules and regulations that make life impossible for small firms. The town hall officials who take forever to make those planning decisions that can be make or break for a business — and the investment and jobs that go with it.”
He is calling for totally unrestricted capitalism, with no health and safety laws, no planning laws, no environmental protection, no worker protection — just unrestricted greed for profit — the sort of unregulated mess that allowed the banking sector to almost destroy itself a couple of years ago.
Like his friends the bankers he is one of the school of positive thinkers who imagine they can act as recklessly as they like but nothing bad will ever happen “because that is negative thinking”. But now he is staring into an abyss with the economy about to go into freefall.
His massive cuts are increasing unemployment and so increasing the total benefits bill; soon there will be an army of angry unemployed, homeless and destitute on the streets. Already the levels of protests are way above what he expected.
The cuts he has inflicted on the poor, the disabled and the disadvantaged are cruel and callous and ideologically driven. But in the process he has further damaged the economy by actually increasing the benefits bill and reduced the spending power of 90 per cent of the population.
Mervyn King, governor of the Bank of England, is predicting a new credit crunch; the City and the CBI are demanding tax cuts Cameron cannot afford and threatening to walk out on him. Advertising tycoon Sir Martin Sorrell has described Britain as a “Third Division” economy.
All Cameron can do is plead for capitalism to invest in Britain and is promising to abandon all restrictions for them. But they still won’t come.
There is no money to be made here from a population that is being impoverished but is becoming angry and politicised.
His coalition with the Liberal Democrats is also starting to fall apart, especially after they were beaten into sixth place in the Barnsley by-election, behind Ukip and the British National Party.
And the Lib Dems are showing they are no wiser. They are backing a plan concocted by former bankers and hedge fund managers to distribute shares in the Royal Bank of Scotland and Lloyds — which were bailed out by taxpayers two years ago and are now owned by the Government — free to the general public. They would be restricted from selling them until they rose above the level at which they were bought (75p for RBS and 110p for Lloyds).
But that assumes the value will rise, when all economic forecasts predict another banking collapse soon. Together, the shares could bean asset for the Government to steer those banks and perhaps even salvage some of what was paid for the taxpayers. Fragmented and falling, they will be useless to anyone.
A survey published in the Independent last Thursday showed that half of Cameron’s own party oppose his “Big Society” flagship policy.
After being propelled into the heights of political power in Britain on hot air and positive thinking, Cameron suddenly finds he is way out of his depth and has not a clue what to do and his sidekick Clegg is just as useless.
Cameron’s pathetic attempt to make an international name for himself by making a covert quasi military intervention in Libya turned into a farce and was quashed by the very people he hoped to support.
Cameron and Clegg must go, for everyone’s sake and the broad-based campaign that is building up behind the 26th March TUC demonstration must take this as its primary aim and continue to fight until it happens.