The Government needs to act urgently to protect the British people against the economic turmoil that was not of their making, but is now resulting in them losing their jobs, and struggling to pay their rent or mortgage, and fuel bills. There should be no blank cheques to bail out the banks that contributed to this crisis.
We are calling upon the Government to implement a people's programme to protect our people from the crisis not just the bankers, including:
1) nationalising the banks and establishing democratic control over banking decisions, ensuring democratic representation on boards, ending the bonus binges, controlling executive pay and share holder rewards;
2) Cutting interest rates significantly and immediately, restoring democratic control over key economic decisionmaking by not only widening the remit of the Bank of England beyond ensuring price stability to advising on the wider economic health of the country but also reverting the bank's role to being one voice amongst many others to be taken into account;
3) Securing people a home by converting repossessions to social rentals so that people have a 'right to stay' in their homes and embarking on a massive council house-building programme;
4) Enhancing security in employment by ensuring people have a say over the future of the companies by strengthening rights and representation at work;
5) Bring fuel bills under control with price controls on the consumer price of gas and electricity, so that people are not being forced to choose between heating and eating this winter, with the threat of nationalisation if needed.
We call on all people to support these measures and to campaign to the Government for their implementation.
59 Comments:
Great ideas from Leap - bailing out the banks won't get them lending to businesses, and this is the strongest argument for nationalising the banks. If businesses can't get credit, they'll go bust and people will lose their jobs.
I don't think there'll be much movement on the Bank of England's independence, short of a continued market slide...
And the price control proposal makes a lot of sense as it would raise the profit issue.
Has Mr Darling been informed of these proposals? He is insisting that all options are kept open (!)
I would support most of these measures.
I think you should put your ideas on you tube. You need high production values though, rather than just recording your own messages from a home video camera. You can get that by going on other channels shows such as cable TV, interview shows etc:
Ron Paul is a good model to follow. He has attracted a cult audience via you tube, and appearing on many TV shows, but he is extreme right wing in economics. He even goes on conspiracy radio shows to get his message across.
But I think for a non mainstream candidate he is the ideal model for you to follow to get your message accross.
I always look on you tube to see what he has to say about any global crisis, even though I disagree with him. You should try to be a British left wing Ron Paul.
It would involve being prepared to work hard on building up a cult following, using many different media outslets such as local radio stations, rather just the mainstream. Then if you build up more of a following the mainsteam will listen more to you.
Great ideas from LEAP, and ones I support wholeheartedly.
'Laissez faire' has run its course - it is time to renationalise in the national interest and exercise proper controls accountable to the majority without the folly of the profit motive for at least the medium term.
I hope that Alastair Darling takes these proposals very seriously.
Mr McDonnell,
I was under the impression that the Labour parties had put "an end to hostilities" with our dear leader, Mr Brown. This led me to wonder why you are still updating a website with an address with "john4leader" in it. If you could help me understand I'd greatly appreciate it.
The address is www.johnmcdonnell.org.uk, but a redirect exists from the old site when John was running for the leadership (until May 2007)
Sorry to poop on your conspiracy theory - oh, and New Labour's 'unity' will be the unity of graveyard if it doesn't radically change soon.
The banks own 2 of the 3 rail rolling stock companies (ROSCOs)and through them own about 2/3 of the trains running on Britain's railways. So a government that nationalises the banks gets public ownership of some of the rail industry as well.
Apologies - it still says john4leader in my address bar. It would have been more fun if there was a bit less unity, Brown is getting a free ride at the moment.
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