The post war labour government involved the state like no previous government and Corbyn and the Labour Party are calling for a rejuvenated roll for the state, echoing the extraordinary success of the Attlee government. Examples for this include re-nationalisation of the railways and a more progressive tax system.
McDonnell argues that the state can always borrow more cheaply than private enterprise , thus allowing finance for industrial strategy and infrastructural renewal.
But is is in my view not the only issue, a future labour government needs to broaden out its economic policy to a broader platform. The environment, the problems of the next generation, like housing and debt.
I am largely in agreement with the argument that the old type of Keynesianism, where in times of slow down, money is pumped into the economy encouraging greater production and consumption, giving the government a sustained level of revenue, will no longer answer the needs of the global world, climate change and the fact that much of the benefit of any growth is whipped immediately out of the U.K.
The bigger question is who should drive this inevitable change.
When a political leader lies on their CV - can you trust them?
Strictly after Claudia ...........
How many tablets do you take in the morning?


thank you grandad