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Jeremy and John’s Labour can deliver the radical economic change we need
Ten years on from the financial crash, Labour showed at its conference this week that it understands the scale of change needed, writes KEN LIVINGSTONE
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WE recently marked the 10th anniversary of the financial crash and as Labour conference met this week, keynote speeches from leader Jeremy Corbyn, shadow chancellor John McDonnell and shadow secretary of state for business, energy and industrial strategy Rebecca Long-Bailey MP showed that – unlike the Tories – Labour understands both the reasons for this crisis plus the radical approach and policies needed to improve people’s life and stop this happening again.
In contrast, if the Tories stay in we have a struggling, fragile economy vulnerable to another crisis.
Jeremy explained in his speech that “Ten years ago the whole edifice of greed-is-good deregulated financial capitalism, lauded for a generation as the only way to run a modern economy, came crashing to earth with devastating consequences… But instead of making essential changes to a broken economic system, the political and corporate establishment strained every sinew to bail out and prop up the system that led to the crash in the first place.”
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