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The new economics of Labour

Tory-supporting media, unchallenged by a supposedly liberal press, portray Corbyn as a Soviet fellow-traveller, while unnoticed the shadow chancellor sets out a vision which breaks with the bureaucratic model of 1945.

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Shadow Chancellor John McDonnell attending a Labour party conference on alternative models of ownership at the De Vere Grand Connaught Rooms in central London, February 10, 2018. Yui Mok/Press Association. All rights reserved.

The new economics of Labour: introduced by Hilary Wainwright

In this introduction to John McDonnell’s speech in London on February 10 to a Labour party conference on alternative models of ownership, where the party set out its agenda to “take control” of the economy ( see below), the author looks at the new economics of Labour as the basis for a new politics. Her book, 'A New Politics From the Left', was published by Polity Press on February 23, 2018.