“Corbyn’s Economic Policies are Sensible” (Letter in Financial Times)

Think Left

LETTER TO THE FT: CORBYN’S ECONOMIC POLICIES ARE SENSIBLE

Posted on Piera by John Weeks on Aug 18th 2015,

1830corbyn

The Financial Times:

The recent statement from Jeremy Corbyn that “austerity is a policy choice not economic necessity” provides a welcome return to serious discussion in the Labour leadership debate. Therefore, the assertions that Corbyn is a “danger” who is causing harm to the Labour Party and the public in general is quite surprising and inappropriate (for example, see FT View 15 August, that Mr Corbyn’s candidacy brings “potential harm to…British public life”).
Many of Corbyn’s policies are advocated by prominent economists and commentators. An example is his proposal to fund public investment by the sale of bonds to the Bank of England. Yet, until now, politicians competing to hold the centre ground have largely ignored such policies or cast them as unthinkable.
Corbyn’s proposals should be welcomed even by his…

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