Benjamin Selwyn is Professor of International Development and International Relations at the University of Sussex, Brighton, UK where he teaches courses in the Global Political Economy of Development. His latest book is The Struggle for Development (Polity. 2017).
Labour's much better-than expected support raises the distinct possibility of its victory in the next election. The significance of the Labour surge is not, as most media commentary suggests, a question of a shift in the balance of political power in parliament. It is much more profound than that. Labour's campaign let the proverbial genie of class politics out of the bottle.
What these examples of industrial policy have in common is their intention to boost firm profits. They are not designed to enhance worker's incomes, their bargaining power vis-à-vis employers, and certainly not their ability to influence either private or public economic policy. So is Toryism really coming out of blue and into the red? Well it still looks pretty blue to me.
02/06/2017 11:23 BST
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