Originally Posted by
TISS
there is some good policies and some not so good. it really is a mixed bag.
My take on nationalisation is that exponents of it suggest it allows profits to be brought back to public use, but if we have to borrow, say £80bn to nationalise the water industry, that borrowing will come at an annual cost of say £3bn on long dated bonds, so any profits made will end up in the private sector anyway.
However, even Len McClusky has come out this am and started the damage limitation exercise by saying if Labour have 200 MPs elected (down on their current 229) then that must be seen as a success. I can't see how losing your influence in Parliament can be considered a success. We need strong, capable opposition to hold government to account, not a party in decline chasing a dream that only the minority want.
I would rather a strong centrist Labour party than a weak left wing Labour party.