Quotation of the Day

John Rentoul

ps Quotation of the DayPhilip Collins in The Times (pay wall) says: “I was always wary of asking for clarity from Mr Miliband. I had more than a suspicion that I would then pine for the days of indecision.”

He reports that an anonymous Labour former minister has “gone from a state of fearing that Labour would not win to a state of fearing that it would”, and concludes:

Ed Miliband’s father Ralph made his intellectual reputation with Parliamentary Socialism, a book in which he argued that it is not possible to legislate your way to the promised land. Should he sneak to the head of a coalition, which is the summit of his credible ambition, it will surely be the fate of Ralph’s second son finally to prove his father right.

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  • Hill244

    Coming up for Blair – Lord Chief Justice Rose said that 1997-2010 had the worst drafted legislation in UK history. What would the Hair Blair Bunch do?

  • JohnJustice

    Those like Collins and that anonymous former Labour minister are no doubt cushioned against the worst effects of our dysfunctional capitalist system and are therefore content to leave it more or less as it is so that they can continue to reap its rewards from a personal point of view. Others, like Ed Miliband, who care a little more about the fate of the under-dogs in our society see the urgent need for curbing the gross excesses and irresponsibilities of the system (made manifest since 2008) which in the absence of the more extreme measures that Ralph Miliband wanted can only be done by the sort of legislative interventions that his son is advocating.

    As I have pointed out before here Blair was right for his times, Miliband is right for ours. Blairites should start moving with these new realities instead of clinging to the old ones.

  • reformist lickspittle

    Completely and utterly correct.

    Collins, Rentoul and their anonymous “sources” are becoming as much out of touch, out of time irrelevant dinosaurs as the hard left had become a quarter of a century ago. History is leaving them behind.

    Something that their supposed hero and mentor, A C L Blair, once understood.

  • newfriendofed

    Agreed and rather a difficult day for J. R. with even his near guru, Andrew Adonis, supporting Ed’s energy ideas in The Indie.

  • Firozali A.Mulla

    To make the point, Inequality for All introduces us to several families struggling to get by. And it introduces us to Nick Hanauer, CEO of Seattle’s Pacific Coast Feather Company, a bedding manufacturer, and one of the first investors in Amazon. Hanauer says he makes between $10 million and $30 million a year, and he wonders why he pays a tax rate not of 17 per cent (Warren Buffet’s rate) or 13.9 per cent (Mitt Romney’s), but of 10 or 11 per cent.

    He argues the economy doesn’t need to leave so much money in the hands of the super-rich. “Even the richest people sleep on only one or two pillows. I have the nicest Audi, but it’s still only one Audi. It’s actually our customers who are the job creators. They are the centre of the economic universe.”

    Almost everybody understands that the health of the American economy depends mainly on consumer spending. Yet the debate over taxation and its place in the country’s economic health has paralyzed American democracy.

    Arguing in favor of higher taxes on the wealthy in the U.S. is a bit like arguing that there is no god at a Baptist revival. That was evident in 2012 when Hanauer delivered a TEDtalk on the subject — to a standing ovation — and then saw it temporarily buried. It’s a story that shows how difficult it is, even in liberal circles, to shake people’s assumptions.

    Hanauer’s TEDtalk begins with this: “It is astounding how significantly one idea can shape a society and its policies,” he said of the notion that taxing the rich hurts the economy. “This idea is an article of faith for Republicans and is seldom challenged by Democrats.” Sure, Hanauer got just a little nasty, when, over a picture of Donald Trump, he said: “When business people take credit for creating jobs, it’s a little like squirrels taking credit for evolution. It’s actually the other way around.” And he did make the mistake of invoking religion: “It’s a small jump from job creator, to the Creator.”

    But who could blame him? And his thesis remains compelling. “Since 1980, the share of income of the top one per cent has more than tripled while our effective tax rate has gone down by more than 50 per cent. If it was true that lower taxes on the rich and more wealth for the wealthy led to job creation, today we would be drowning in jobs.”

    So it was a surprise to some when TEDx refused to post the video. Curator Chris Anderson initially said it was “too political” and insinuated that TEDx avoids talks that get “mediocre audience ratings.” He later emailed Hanauer with the following message: “We’re in the middle of an election year in the U.S. Your argument comes down firmly on the side of one party. And you even reference that at the start of the talk. TED is nonpartisan and is fighting a constant battle with TEDx organizers to respect that principle.” I thank you FirozaliA.Mulla DBA

  • Pacificweather

    I also completely agree. We are in danger of acquiring group speak or Stockholm syndrome or whatever it may be called these days.

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