Forty years of Thatcherism has caused so much damage to Britain that an incoming Labour government might need to start from scratch in rebuilding a viable industrial economy.
They could learn from the 'infant industry' support program instigated in America by Alexander Hamilton and practised from the 19th century to 1945. Infant or new American industry was protected, nurtured and supported by the government until it achieved world leading status during WW2. The infant industry program was reduced, but not stopped when it didn't need so much protection.
The Conservative party has lost almost all British industry to China and counties like South Korea.
All of the countries that have taken British industry used high levels of government support, and still do. One of Keynes' students (I forget his name) advised the Chinese government.
Labour seems afraid to challenge Thatctherism or neoliberalism for some reason but it's, or should be the fundamental difference between Labour and the Tories.
Whether you are Keynesian Labour or Socialist Labour we are diametrically opposed to the dog eat dog, grasp and grab freemarket buccaneering Tories.
A fresh start may be needed after covid and Brexit and the Tories have done their worse.
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