Listening to Larry Elliott speaking. He’s pointing out the problem for the Tories. What do they do when their fundamental beliefs have failed during this crisis.
Markets have failed. How can they say the market will solve the problem created by the markets? Their confusion he says is just that – they really do not know what they are about, have no agreement between themselves on what to do, and are as a result wholly unable to present a coherent front.
It’s a simple argument. At its core it has to be true.
As he puts it then – if the Tories win there will be a massive power struggle in their ranks, the neo-liberals will win and disaster will ensue
For the social democratic left this is an opportunity. Controlling the market is saleable in this environment. That’s what Labour has to do.