Fabian Society » The unlikely shadow chancellor: interview with John McDonnell

English: St James's Expresso Bar and The Fabia...

English: St James’s Expresso Bar and The Fabian Society Dartmouth Street. The Fabian Society was founded on January 4, 1884 in London as an offshoot of a society founded in 1883 called The Fellowship of the New Life. Read more: Fabian Society – History, Legacy, Current and recent activities, Current Organisational Structure, Recommendations for reform of the British monarchy http://encyclopedia.stateuniversity.com/pages/7291/Fabian-Society.html#ixzz0hqOhLO8j (Photo credit: Wikipedia)

Mary Riddell, Telegraph writer, interviews John McDonnell, the shadow chancellor and it’s published by leading liberal think-tank, the Fabian Society.

Fabian Society » The unlikely shadow chancellor: interview with John McDonnell

For those of you who are not regular readers of this blog, let me declare my bias and my political views – I’m very much a conservative. However, rather unusually, I tended to prefer Ed Balls on economic policy than George Osborne – Balls at least got his economic training at Harvard; meanwhile, Osborne has no formal economic training and very little work experience outside politics – his background being the privileged son of a baronet.

My second level of bias concerns Mary Riddell. For me she is a pompous journalist, who tends to start with her end point or political message and then seeks out related evidence that is loosely concatenated. A particular feature of her writing is that there is frequently no linkage between succeeding sentences.

My third area of bias is rather different. I admire the Fabian Society and often learn from its publications.

Turning to the Riddell piece on McDonnell, I’m sure that her biased start point was that ‘John McDonnell is having a laugh!’ – after all, didn’t he respond to Osborne’s budget speech  by producing Mao’s Little Red Book?

The article has some insightful quotes from McDonnell but in her usual form Riddell concatenates them without logical connexion.

For me, the shame is that Ed Balls has left politics and returned to Harvard as a fellow. McDonnell is a light-weight on economics but probably no more than George Osborne. The worry is that shadowy political forces determine economic policy, on all sides.

But in spite of my many caveats, the interview makes interesting reading!




Tycoon Warning – By Christian Caryl | Foreign Policy

We Are....

We Are…. (Photo credit: Nicole Yeary)


This is an excellent article from Foreign Policy. Check it out!


Tycoon Warning – By Christian Caryl | Foreign Policy.


For some time, this blog has been concerned about the increasing economic power of the top 1% but this article features more directly the political power on the top 1%’s .


Let me turn this to an open question:


How should society effectively control the increasing power of the top 1%?


Any thoughts?


Enhanced by Zemanta