They befriended the bankers and allowed them to run riot bringing about the 2008 financial crisis which we are all still paying for.
Very sad to see a Labour supporter perpetuating this myth. It was an international banking crisis and although 'light touch' regulation of the UK bankers contributed to it in the UK it was not the cause of it.
Labour supporters should be defending their record here. If it hadn't been for the prompt action of Brown and Darling injecting quantitative easing of £200 billion into the economy the effects would have been appalling with bank failures and people losing the money they had deposited in them.
I doubt very much if the tories could have done any better and I suspect that their 'regulation' would have been even lighter!
The question has been asked several times on this thread and no-one has answered it. What do 'centrists' want?
This is an extract from the recent IPPR report 'Prosperity and Justice':
Our vision is of a good economy, where prosperity is joined with justice. The good economy works for all by achieving sustain- able growth and broadly shared prosperity. In the good economy, everyone – in all parts of the country – has an equally good chance of leading a good life. It allows each of us to flourish: to fulfil our economic and human potential, no matter our starting point, and to meet our needs at each stage of life. This means opportunities for good and fulfilling work; a decent income providing good living standards; and time for love, leisure, creativity and care and service to others. The good economy values people for who they are as much as what they do. It is judged not only by its results but also by the conduct of those within it, and is concerned with reciprocity, generosity and kindness. It offers hope for the future by fulfilling the promise that successive generations will have the opportunity to lead better lives.
The good economy is concerned with building the common good as well as with improving individual living standards. It meets our human and economic needs for education throughout life; for high-quality health and social care; for affordable housing and transport; for a diverse culture and vibrant democracy; and for beauty and safety in our shared spaces as well as in our private ones. The good economy ensures that our commons are well tended: valuing our natural inheritance and being good stewards for future generations by diminishing the impact of economic activity on the earth’s climate and resources.
www.ippr.org/research/publications/prosperity-and-justice-executive-summary
Does this reflect the sort of thing centrists would like to see or do they have a problem with it?