Wed 21 Feb 2018, 08:55 AM | Posted by editor
There is a genuine fear within the ruling establishment of a Labour victory in the next general election, when it comes. This is evident in two editorials in yesterday’s newspapers. Both of them report and then complain about the suggestion that Labour might cancel current PFI contracts without compensation. THE FINANCIAL TIMES editorial complains “The idea of cancelling live contracts is concerning…if it wishes to change the law in order to break PFI contracts, it would set a worrying precedent…”
Although it argues that the Labour Party showed a degree of “moderation” in the run-up to the last election, there is a fear that the Party, if anything, is becoming more radical, not less. “A sense remains, however, that once in power, Messrs Corbyn and McDonnell will revert to more radical prescriptions.”
The same day an editorial in THE TIMES weighs in with its own penniworth. “Mr McDonnell and his allies” it says, “genuinely seek, as Labour never has before advocated, the overthrow of modern capitalism and expropriation of private property…Labour’s policies are a threat to property and prosperity.”
This explains why, despite Theresa May’s unpopularity and their complete bungling of Brexit (even form the point of view of the ruling class) why the Tories are desperate to hang onto power and prevent another early election. And it also explains the unprecedented press campaign to demonise Corbyn and McDonnell personally.
