Another day, another attempt by Labour to define its message. When it comes to salvaging the economy, let alone their credibility, they are utterly bankrupt.
To words and phrases such as ‘credit crunch’ and ‘quantative easing’, let us add ‘preditribution’ to the ongoing befuddlement that is the politio-economic lexicon. Or is that the ongoing befuddlement that is the Labour party’s latest response to stimulate the near-death pulse of the UK economy?
At his podium, Mr Miliband presented himself not unlike an evangelist preacher spreading The Word, an affectation that had a bearing on his lexical choices – on being quizzed about how he would feel working with the Lib Dems in a future coalition, the insipid Rev. Miliband replied ‘They made a tragic mistake, but I welcome all people who recant’. How benevolent. Ultimately, this Good Shepherd offered his political equivalent of turning water into wine through ‘predistribution’ (the old New Labour habits of buzz words and spin obviously die hard):
Our aim must be to transform our economy so it is a much higher skill, much higher wage economy. Think about somebody working in a call centre, a supermarket, or in an old peoples’ home. Redistribution offers a top-up to their wages. Predistribution seeks to go further – higher skills with higher wages. 
Rev. Miliband proposes that lower paid workers will, through a better skills index, be able to access higher wages previously unavailable to them. This is a radical message from Labour, effectively reversing a philosophy which has hitherto suggested that low paid workers would benefit from wealth distribution – that is, receiving hand outs from those with better opportunities – the cynical may even suggest that this implies they are living off the hard work of others. But like any evangelist, Rev. Milliband issued forth garbled false promises of salvation backed up by no evidence, let alone substance. One person on the BBC News website remarked:
Not sure I get it. Surely simple supply and demand economics means that you’re just down grading skilled workers jobs. The UK only needs a finite supply of electricians for example, say 20,000, if you training 40,000 to do the job your likely to get them cheaper and then have 20,000 people trained for jobs that don’t exist. That or companies will just wack up the prices to cover costs? 
Just so. Once again Rev. Miliband continues to deliver the sermon that time and again proves its own vacuity: politicians cannot create jobs. In the costly and unproductive public sector they can, but the private sector is not theirs to master. Indeed, Rev. Miliband has found another use for the bankers bonus tax; this time his populist panacea could be used to fund 25,000 new affordable homes. True to form, Labour have far exceeded the revenue such a tax would grant them with promise after promise about where and how the money would be spent. Listen carefully and one can hear the greasy fat hands of Friar Balls rubbing together with delight.
Rev. Miliband (who, as it transpires, has a hotline to St. Cable the Business Secretary) is a charlatan of the highest order. His promises of a better post-depression afterlife are the stuff of whimsy and outright fantasy, with ‘predistribution’ the latest gimmick to ensnare those members of the electorate who have not yet gone through political Enlightenment of their own. Rev. Miliband can promise idealism because it comes as cheap fodder to the uncritical mind. He may be willing to forgive the Lib Dems who recant the current economic policy under which this country endures, but anyone with sense, who uses their eyes, their ears and their mind will know never to forgive Labour for the ruinous state in which they left this country, nor to entrust them with responsibility for the economy ever gain .
Amen to that.
© thepanopticonblog, 2012
- 1.’Ed Miliband unveils ‘predistribution’ plan to fix economy’. BBC News. 6 Sept. 2012. http://www.bbc.co.uk/news/uk-politics-19503451
- 2. ibid.
- 3. According to a recent report, state spending increased between 2000-2010, in real terms (inflation adjusted), from £450 billion to £700 billion. Source: Sky News http://www.youtube.com/watch?v=oTGjt1kQw74&feature=g-user-u