Thats right… for the first time in my ‘public life’ I agree with Peter Mandelson. Mandelson recently made his return to front line politics, in an attempt to save Gordon Browns skin, as Baron Mandelson of Foy and Hartlepool (theyre just giving the bloody titles away!). However despite the fact I want to retch everytime I see him I agree with his statement today that Labour must not use the financial crisis as an excuse to revive its economic policies of the early 1980s.
Despite the fact I like nothing more than watching Labour unravel and tear itself apart, I do believe in the interests of the country that neither of the main parties should advocate state intervention or socialism, the likes of which we saw in the Labour manifestos of the early 80’s which resulted in Thatcher battering Labour 3 times. Mandelson’s comments bare striking resemblance to a debate held on this very website as to whether ‘Thatcherism is dead’.
I concluded, as Mandelson did, that Thatcherism and free market economics was here for the long haul and the notion that any of the mainstream parties should reject it is beyond irrational. Mandelson summed up that the current situation was bad but not long term and dismissed any notion that free market economics was dead as ‘absurd’.