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Showing posts with the label In Place of Austerity

The Answer to Cameron and the Attack on the State

Mariana Mazzucato, The Entrepreneurial State , 146 pages, Demos 2011, ISBN 20119781906693732, £10, free download at www.demos.co.uk This is a really important little pamphlet from the Professor in the Economics of Innovation at the Open University and Economics Director of the Centre for Social and Economic Research and Innovation in Genomonics (Innogen). Mazzucato shows convincingly that the major innovations in our modern world -- the Internet, bio-technology, the new nano-technology -- which we tend to attribute to clever individuals at Apple, Google, Microsoft, companies such as GlaxoSmithKlein and venture capitalists, all in fact emerged from state financed networks, institutions and public enterprise, as in Silicon Valley. The first risk-taking investment was always from the state, and it was the state, she demonstrates, that not only fixed and regulated markets but created them. Capitalists took over what the state had launched with fundamental, long-term research, and capi...

Plan B and beyond

Dexter Whitfield argues that Compass’s alternative economic strategy, Plan B, is not enough. ( Red Pepper ) As 2011 wore on, the coalition’s economic failures accumulated in a growing pile of dismal statistics: the cuts were causing the economy to contract, debt to grow and creating a lasting damage to the social fabric. But what was there to challenge the coalition’s Tina (‘there is no alternative’) narrative? With the Labour Party failing decisively to set forth an economic programme that is either convincing or progressive, the need for civil society to deliver an alternative is clear and urgent. The most significant effort to this end so far is Plan B: a good economy for a good society, launched by Compass in October. It contains proposals to kick start the economy with a modern industrial policy, create a fairer tax system, increase state-led investment via a British Investment Bank, reform financial regulations and advance a social investment state. Supported by over 100 economi...

In Place of Austerity by Dexter Whitfield

A review by Nick Grant in Socialist Review , January 2012 Understanding the real reasons for the assault on public sector workers is a first crucial step in calibrating our best response, especially if we hope to win some battles in this prolonged war. Dexter Whitfield systematically aids our task in this essential handbook for all those engaged in resistance from within unions as well as community and national coalitions. Whitfield argues that even with equitable taxation providing increased revenue for public health, education, welfare, housing and other services, the prevailing neoliberal consensus forces all recent UK governments to provide the political petri dish for four capitalist objectives. Firstly, the marketisation and privatisation of services provide "new opportunities for capital accumulation". Governments create self-abolishing markets that lead to the transfer of functions to private enterprise. Business takes an ever larger role in public policy making. So w...

In Place of Austerity

Public sector workers must work together to prevent privatisation Dexter Whitfield calls on public managers to ally themselves with those opposed to privatisation, in order to protect democratic, flexible public services Guardian Professional , Thursday 8th December 2011 The financial crisis has created opportunities to accelerate the privatisation and marketisation of public services - but the policies of transformation are designed to destablise services and deconstruct democracy. We must draw on the lessons learned in opposing marketisation and privatisation over the past three decades to promote action strategies that can stop, slow down and/or mitigate the negative consequences of neoliberal policies. Public managers committed to radically improving in-house provision will be important allies. More systematic trade union and community intervention in transformation and procurement is required, to organise new strategies, to forge strong alliances, to combine industrial and communi...