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New Report: Plan B

Saturday, October 29 2011

As reported in the Observer our new report, Plan B; a good economy for a good society has been launched with the support of 100 economists. Plan B is our vision of an alternative political economy that includes short term emergency measures like reversing cuts to get the economy moving again, directing quantitative easing to a Green New Deal and creating a British Investment Bank to leverage investment in low carbon sectors such as housing, transport and renewable energy.

Plan B is also about laying the long term economic foundations for the good society. The report has an emphasis on the ‘core economy’ of families and outlines policies for a rebalancing of time spent working and ‘living’. It also argues that we should be moving beyond viewing ‘GDP’ as the sole measure of economic success.

Click here to download and comment on the report
What is Plan B? Read the one page summary [PDF]
Read the supportive letter here


Support Plan B? Sign the petition here
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Comments

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Posted by Wolfie (East Midlands )
on 31 October 2011, 6:00:34 PM
Plan A or a Plan A+ gets or would probably get the approval of the IMF and international finance capital. Will Plan B get this approval if followed by a British government or would the markets and IMF force a retreat? I fully support the idea of following an alternative left-wing programme Keynesian or neo-Keynesian that moves away from the neo-liberal/neo-conservative consensus of the Tories, Liberal-Democrats and Labour political elite. Any programme that takes the issue of green alternatives to the reliance on fossil fuel such as oil and gas has to be worth supporting as long as it doesn’t end up justifying nuclear energy as clean energy as new-labour argued. Will Plan B end up as Plan A+ or a precursor to a Plan C?

If the objective is for Plan B to become Plan A+ then it’s of little use, if it’s to be used to lay the foundations for a genuinely alternative left-wing programme that goes beyond a compromise between the current neo-liberal consensus and a neo-Keynesian or Keynesian alternative or a genuinely socialist programme which we can call Plan C then it will require the support of allies within the EU to follow a similar programme or we can expect the markets and institutions of global capital such as the IMF, WTO and World Bank to ensure its failure. Under conditions of global capitalism it would be very difficult for a single nation to follow an alternative Plan B or C unless it was part of a coordinated alternative plan with other left governments.
Posted by Charles Wheeler 
on 31 October 2011, 12:14:10 PM
To see where Compass are going wrong:

"These self-styled progressive left agendas are based on faulty understandings of the way the monetary system operates and deny the opportunities that a sovereign government has to advance well-being.

Progressives today seem to be falling for the myth that the financial markets are now the de facto governments of our nations. It becomes a self-reinforcing perspective and will only deepen the malaise facing the world."

- Bill Mitchell at bilboeconomicoutlook.net for a different economic perspective
Posted by Dugsie (Yorks)
on 31 October 2011, 10:47:16 AM
Has Plan B been in the news media outside of the Observer and the Guardian ? I haven't seen it.
Posted by Stan Rosenthal 
on 31 October 2011, 10:21:17 AM
Splendid initiative. Something that Labour should have done ages ago to gain credibility for their alternative approach. Keep up the good work.
Posted by Howard Thorp (Cheshire)
on 30 October 2011, 3:59:47 PM
Congratulations on Plan B. At last you are catching up with Green Party policy on the economy. Hopefully we'll be able to work together to bring about positive change.
Posted by George Irvin (Brighton)
on 30 October 2011, 3:15:10 PM
Great write up in the Observer and good mentions elsewhere. The principles are sounds and the publicity is well organised. Let's hear from Ed Balls and others in the Shadown Cainet whether they back it!
Posted by Michael Edwards (london N4 1DH)
on 30 October 2011, 3:07:42 PM
Looks good. Have just started to red it BUT PLEASE
(i) do a single column version suitable for reading on screen: this is clearly for printing and is a pain to scroll.

(ii) do other formats, for other devices.

Good luck. Michael


Posted by Oliver Healey (Telford)
on 30 October 2011, 1:11:50 PM
I'm Oliver Healey and for many years a minimum wage of £8.75per hour has been campaigned for by the Trade Unions well I have filed a epetition with the government on this issue. Such an increase would greatly help the low paid workers of England who struggle with low wages. This petition also applies to the workers of Wales, Scotland and Ulster. Lets wipe out poverty in England and the whole of the UK.


Yours Sincerely
Oliver Healey

epetitions.direct.gov.uk/petitions/20357

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