Labour, unlike the Conservatives, are pro-state, which gives them an opportunity to build a government machine designed to empower the vulnerable, not just until the money runs out, but in a way that creates more resources to do so more effectively for more people for longer, while at the same time building a reserve to intervene aggressively when times are tough.
Osborne's new framework is a joke, but reveals the contempt the Conservatives have for the democratic will of parliament. Any future (chartalist) government will be able to revoke the framework, returning the Treasury to a subordinate position. Until then, British democracy will have been weakened by the arbitrary, self-imposed "rules" that serve only a few and narrow interests.
Growth has ground to a halt, real wages are falling and more than 6m people want work but can't find it: yet our chancellor continues to fiddle - with beer duties and the pottery industry - as the British economy flatlines. The inconvenient truth is that George Osborne has become Labour's greatest electoral asset.
To hope that the commitment to cutting public spending in the name of deficit reduction will be reversed in the face of continuing recession and little effect on the deficit currently seems highly optimistic - the major political parties united as they are in almost unwavering support for it. So long as it continues so will recession.
With the presidential election coming up in the United States later this year, there are a lot of discussions about the two main parties and what they stand for. Or at least there should be - sometimes it seems as though elections are more like popularity contests than serious decisions made based on policies.