Search results

From competition to the foundational economy

For thirty years, the British economy has repeated the same old experiment of subjecting everything to competition and market because that is what works in the imagination of central government. This book demonstrates the repeated failure of the 30 year policy experiments by examining three sectors: broadband, food supply and retail banking. It argues against naïve metaphors of national disease, highlights the imaginary (or cosmology) that frames those metaphors, and draws out the implications of the experiment. Discussing the role of the experiments in post-1945 Britain, the book's overview on telecommunications, supermarkets and retail banking, reveals the limits of treatment by competition. Privatisation of fixed line telecoms in the UK delivered a system in which the private and public interests are only partially aligned in relation to provision of broadband. Individual supermarket chains may struggle but the four big UK supermarket chains are generally presented as exemplars because they have for a generation combined adequate profits with low price, choice and quality to deliver shareholder value. The many inquiries into retail banking after the financial crisis have concluded that the sector's problem was not enough competition. In a devolved experiment, socially-licensed policies and priorities vary from place to place and context to context. However, meaningful political engagement with the specifics in the economy will need to avoid losing sight of four principles: contestation, judgement, discussion, and tinkering. While others can be blamed for the failure of the experiments, the political responsibility for the ending and starting another is collectively peoples'.

Abstract only
The Labour Party and the new crisis of capitalism
Philippe Marlière

6 Coping with TINA: the Labour Party and the new crisis of capitalism Philippe Marlière Introduction Relying heavily on its financial services, the British economy has been one of the hardest hit in Europe by the collapse of the banking industry. The credit crunch, aggravated by the bursting of a decade-old house price bubble, has taken a severe toll on the economy. For many commentators, the banking crisis of 2008 marked the end of New Labour economics. The Keynesian style reaction to the crisis by the Gordon Brown government and, subsequently, the election of

in European social democracy during the global economic crisis
Kevin Hickson

relevance of Croslandism 217 to his critics and then to suggest in what ways his ideas can be reapplied to the contemporary situation. The chapter begins by outlining the main arguments contained in The Future of Socialism. These consist of first an account of the transformation of the British economy, which was followed by a discussion of socialist aims and finally an analysis of the policies most appropriate for their attainment. Of fundamental importance for the revisionist position was the distinction between values and policies, or ends and means as they were

in In search of social democracy
Mairtin Mac an Ghaill and Chris Haywood

underreported at this time was their resistance to colonial exploitation. With reference to the notion of difference, the cultural visibility of the Irish in the nineteenth century can be contrasted with the cultural invisibility of the post-1945 generation of immigrants, when the British economy was in the process of expansion. Known as the ‘second wave’ of emigration, it is this period – the 1950s to early 1960s – which established the reputation of male and female Irish immigrants as low-skilled, manual workers. At this time the demand for labour included construction work

in Are the Irish different?
Peter Dorey

(EEC), officially formed in 1957, was enjoying a 6.5 per cent economic growth rate. Incidentally, the relative economic decline of the British economy, and the parallel success of the fledging EEC, were major reasons why Britain subsequently applied to join the Community: economic pragmatism and financial calculation rather than genuine political principle and firm commitment. In turn, Britain’s declining share of world trade in exports, coupled with the domestic economy’s low rates of economic growth, yielded a corresponding deterioration in the country’s balance of

in Comrades in conflict
Eric Richards

at home and abroad The emigration question was interconnected with the way in which the labour supply for the industrialisation of the British economy was achieved. Creating the workforce for the vast new industries of the new economy was a much greater task than supplying the human resources for overseas migration. It is possible that emigration drew on the same streams of labour as for industry; emigration may have been a side-stream or it may have competed for labour with the home demands. The conventional view is that labour was in general surplus in the

in The genesis of international mass migration
Sean Nixon

to become a viable medium for targeting mass consumers, the arrival of ITV quickly transformed the market for advertising. By the early 1960s, faith in the power of the new medium had helped to elevate it to a central position in the business of commercial communication. The market for advertising services The recovery of domestic consumer markets and with them advertising expenditure was a notable feature of the British economy in the late 1950s and 1960s. Overall consumer expenditure returned to its pre-war level by 1950, though spending on key sectors like

in Hard sell
Steven Griggs and David Howarth

a series of fantasmatic narratives, which articulated both the ‘beatific’ benefits of aviation expansion for the British economy, as well as the ‘horrific’ threats of overcapacity at British airports on economic and social well-being and the ‘threat’ of competition from the US in the aftermath of the Second World War. These myths and fantasmatic narratives were pivotal in sustaining successive governments’ investments in civil aviation. The chapter proceeds by analysing the predominance of Heathrow as the ‘jewel in the crown’ of UK aviation. Questions about

in The politics of airport expansion in the United Kingdom
Breandan Gregory

British India as spectacle India was unique in the British experience of Empire, not just because of the scale of the enterprise or the importance of India to the British economy but also because the British consciously felt that they were inheriting an imperial mantle. Although British administrators in the nineteenth century followed Mill

in Acts of supremacy
The rise of ‘suburban neurosis’?
Brad Beaven

estates, which further strained the links between workers and municipal institutions. The following section will investigate the impact that these new estates and factories had upon male leisure patterns and examine the perceived new problems that these developments brought to the interwar authorities. Structural changes in the British economy and urban environment convinced contemporary researchers that, by the end of the interwar period, there had been significant shifts in patterns of work and leisure. Updating Charles Booth’s pioneering study on London’s life and

in Leisure, citizenship and working-class men in Britain, 1850–1945