“As a result of the speech, I believe that perceptions of Labour policy are in danger of being taken backwards. At the business department I tried to move on from the conventional choice in industrial policy between state control and laissez-faire. The industrial activism I developed showed that intervention in the economy – government doing some of the pump priming of important markets, sectors and technologies – was a sensible approach” – Peter Mandelson
Above: puppet of big business
It was, of course, inevitable that Ed Miliband’s modest proposal to freeze energy prices for 20 months would induce howls of outrage from the big six energy profiteers and their mouthpieces – one of whom performed exactly the same service for the banks not so long ago.
Scare stories about the lights going out, and thinly-veiled threats of an investment strike, were entirely predictable from the energy giants, the City, the right-wing media and the Tories.
But doesn’t poor Miliband have the right to expect at least a discreet silence from people who – on paper at least – are in the Labour Party? Obviously not. Loathsome Lord Mandelsnake has emerged from the woodwork to denounce the plan and accuse Miliband of going “backwards” – by which the Snake presumably means being slightly less craven towards big business than he and his boss Mr Blair were when they were in government.
Actually, Miliband’s proposals are pretty weak: what he aught to be promising (especially now in the face of the blackout and investment strike blackmail) is simply to renationalise all power generation and distribution.
And Miliband needs to understand that there is a group of unreconstructed Blairites like Mandelsnake, organised by the ‘Progress‘ outfit, who are absolutely determined to thwart even the slightest suggestion of a leftward shift in Labour policy and don’t give a damn if the Party loses the next election.