Labour’s energy policy is pure privatisation
JVL Introduction
The public overwhelmingly wants a publicly owned clean energy company (61% to 11% against).
They believe this is what Labour’s proposed GB Energy will be.
It will not.
That is not what Labour is offering despite literally referring to GB Energy as a “clean energy company” in the past.
In an interview with Labour’s Pat McFadden, Laura Kuenssberg’s asked: “will it be a company that will produce energy that will be pumped into people’s homes, or will it merely – as you suggest – be an investment vehicle that’s essentially writing cheques to encourage other companies to do the same?”
The answer is the latter.
This article was originally published by the Canary on Sun 30 Jun 2024. Read the original here.
Labour drops a shameful BOMBSHELL just DAYS before the election – live on Kuenssberg
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Neoliberal privatisation and marketisation of public services are built on the continuation of a regime of Thatcherite tax breaks to the corporate rich. This means that instead of the rich having to contribute to financing public services, we have a situation whereby the ordinary public not only have pay for the services but also the colossal profits, shareholder dividends, and director bonuses – all from a tax take-up that now disproportionately falls on low and middle-income groups. This while the rich profiteers continue to avoid fair a taxation contribution to society.
The nouveaux Starmerite neoliberal fake nationalisation model is even worse. Because what it means is that business gets to internalise the profitable parts of the country’s social provision in wealth accumulation to itself, while getting the subsidy of externalising the non-profitable bits onto all of us. This just another manifestation of neoliberal ‘welfare to the rich’ that has been going on at least since Clinton, Blair/Brown New Labour practices. See link below.
How is this better than the Tories?
https://labourheartlands.com/ulez-and-the-corrupt-welfare-for-the-rich-policy-model/
Just as many people have spent much of the Johnson/Sunak years wondering why the hell they ever voted Tory, there will soon be a time when those same people will wonder why they thought voting Labour now was going to actually make a difference. Of course, now Labour has such a swingeing majority in Parliament it might think more about what is right than what is expedient or pragmatic, but that is hugely doubtful given the nature of the Labour Party’s present leadership – or perhaps more correctly ‘ownership’.