Seumas Milne: Miliband means more of the same. Labour needs change | Comment is free | The Guardian:
"What neither Brown nor his rivals seem yet to have grasped is the scale of political change needed to deal with the new conditions triggered by global financial crisis, falling living standards and recession - and the bankruptcy of a deregulated market model all the rage during a boom that has now evaporated.
Last week, the conservative Wall Street Journal reported on the 'new wave of government regulation of business and the economy' and 'backlash against laissez-faire' sweeping the US in the wake of the credit crunch. But in Britain, a deeply embattled Brown is said to be still resisting the kind of popular radical measures against rampant corporate power, such as a windfall tax on the oil companies, that even some Blairites privately support."
Thursday, 7 August 2008
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