The economic crisis

Lobster Issue 59 (Summer 2010)

[PDF file]: […] was that the City asked for lighter and lighter supervision – and boy, did it get it. It was part of the Faustian pact that got New Labour into power in the first place. (“What you in the City have done for financial services,” enthused Gordon Brown in 2002, “we as a government intend […]

View from Bridge 87

Lobster Issue

[…] the researchers steered away from an hypothesis which could only benefit the Republicans. *new* Getting rid of Corbyn As we approach the next general election with the Labour Party safely in the hands of people who are no threat to any of society’s vested interests, the defenestration of the previous leader, Jeremy Corbyn, is […]

Garrick part 2

Lobster Issue

[…] correction cast the Ukrainian penal system in a more positive light. The translated text said that the offence with which Lira was charged was ‘punishable by correctional labour’. But according to Burns: This is a translation error that makes it sound like he’s about to be sent to a gulag. He is not about […]

View from Bridge 87

Lobster Issue

[…] the researchers steered away from an hypothesis which could only benefit the Republicans. *new* Getting rid of Corbyn As we approach the next general election with the Labour Party safely in the hands of people who are no threat to any of society’s vested interests, the defenestration of the previous leader, Jeremy Corbyn, is […]

War on Terror Inc

Lobster Issue

[…] of the NuLab story, for it shows that the Blair-Brown administrations really did believe that private is always better than public. (How they must have hated the Labour Party!) Yet it still astounds me to read an account of a (nominally) Labour government casually handing over chunks of the British defence structure to American […]

When the Lights Went Out, and, Strange Days Indeed

Lobster Issue

[…] but having received about 30% of the votes cast in the elections of 1974 and 76, they hardly had a mandate for revolution. But the little that Labour and the unions did deliver was too much for the middle and upper classes. A more equal society means the prosperous lose more via taxation. He […]

Treasury orthodoxy and sound money delusions (Book reviews)

Lobster Issue 86 (2023)

[PDF file]: […] shrugged off as summarily dismissed. How Keynesianism was abandoned in 1976 by Dennis Healey and Jim Callaghan (under pressure from the IMF), and the complicity of the Labour Party, unable or unwilling to counter the monetarist mumbo–jumbo, is described in Davis’ first chapter. Those who have read accounts of this period will have further […]

AngloArabia: Why Gulf Wealth Matters to Britain by David Wearing

Lobster Issue 78 (Winter 2019)

[PDF file]: […] to over 12 per cent of the workforce by 1986, along with social disorder and bitter class conflict, were still traumatic). Thatcherite reforms sought to weaken organised labour but empower the City through the famous ‘Big Bang’ of 1986, which led to the internationalisation the financial sector – in so doing enabling it to […]

Britain alone The Path from Suez to Brexit by Philip Stephens

Lobster Issue 81 (Summer 2021)

[PDF file]: […] supposedly happened in the 70s and 80s, quoting Callaghan as saying in his memoirs that he lost in 1979 because ‘the tide of history had turned against Labour’. This is self-serving. Callaghan lost because he didn’t go to the polls in the autumn of 1978, when strongly advised to do so. Had he done […]

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