Labour set for a come-back?

With a new leader elected, some people are suggesting that Labour could make a come-back sooner rather than later, as the government's policies start to unravel.

At the moment, Labour has no credibility but to judge from the way the £ is tumbling, outside the UK there is a lack of confidence in Britain, regardless of who is in charge. The exchange rate went up after the election, reflecting expectations that have not and probably cannot be fulfilled.

We are all in this together is true in the sense that the boat is going down. People will start to notice as prices in the shops start to soar.

Fisherman's Friends will not save the country
Anyone who thinks it is helping imports is deluding themselves. The only British products in the shops in this part of the world are a few sweeties - Fisherman's Friends are curiously popular but they are not going to save the country.

From a bigger perspective on could say that it is the result of the country's moral failure over many decades. Extreme selfishness prevails and is noticeable in the behaviour of people in public places, politicians get elected for saying what the public wants to hear, the politicians themselves are cowardly and vain, the get-rich-quick culture has dominated, there is a widespread belief that moving money around is the way to create wealth, nobody really cares about people forced to sleep in shop doorways, unborn children are literally disposable.

It is not a pretty sight and it is the road to ruin. If Labour reflected on this, reconstructed itself, and took a leadership role, the party might just get itself back when the present lot find themselves presiding over the ruination that Britain seems to be heading for.

Socialism has shown itself in practice to have no effective solution to economic problems that are of very long standing. Socialist and Keynesian economics both rest on shaky foundations.

This is unfortunate because the present coalition have no interest in anything other than (a) survival in power and (b) maintaining ancient and entrenched privileges.

Whatever happens it is not going to get any better until the party that claims not to represent privilege engages with the underlying problem that afflicts the UK. The question that then arises is whether the privileged ones, and those that wrongly imagine themselves to be privileged, have sufficient vision and patriotism to see beyond their immediate self interest and accept the need for change.