Am feeling a lot better this morning, evidenced by the fact that I have not remains in bed until past 10.30am and am happily awake. Mind you I'm not sure how long that is going to last now that I have read some of the headlines and see that there are now plans to bail-out the UK based car industry. Talk about heading back to the past and the failed policies of the 1970s, they'll propose calling the companies British Leyland next!
I must admit I'm getting completely sick of hearing about bail-outs for this sector and the next, with a complete disregard for the market reality of the companies. So the car manufacturing industry is in trouble, it doesn't take a genius to understand that the cause is no one wants to, or can afford to buy the cars.
So tell me, how does bailing the company out and propping it up help exactly? It doesn't. Of course it is unfashionable, and tantamount to being evil if you say you think the companies should be allowed to go to the wall. If you think that then you are uncaring about the people that lose their jobs.
This is a bogus argument when you consider what is proposed though. After all, all we're doing with each of these bail outs is pumping taxpayer money into non-viable operations in the blind hope that just maybe things will turn around. That requires you however to take the Government predictions about the recession on face value, and lets be fair, their economic projections over the past ten years have not exactly been on the money.
What we're actually witnessing right now is the gradual securing for the "workers by hand or by brain the full fruits of their industry and the most equitable distribution thereof that may be possible upon the basis of the common ownership of the means of production, distribution and exchange, and the best obtainable system of popular administration and control of each industry or service."*
Of course, it's not being done under that pretext though. It's all about "saving the world". It's all about "doing something" to "help hard working families". At the same time we have to be subjected to comments like "same old Tories" or "unreconstructed Thatcherites who would do nothing". Yet the elephant in the room is the fact that New Labour is truly dead.
Blair had his Clause IV moment. Brown has had his now. It has returned via the back door. It's unspoken of course, it exists in the code of "doing something" but it is there and is plain to see, yet few seem to comment on it.
Commentators, analysts, and undergraduates will tell you that Blair's scrapping of Clause IV was the turning point for Labour. Blair did it openly for everyone to see. Now we have Brown doing a svengali routine and bringing it back under a bogus pretext and many just sit back and don't spot it.
They will eventually of course. 2007-08 was Brown's own Clause IV moment. It was the moment that unreconstructed, 1970s style Labour returned and it will end in only one way, the decline of Britain into being the very sick man of Europe once more. What a wonderful prospect!
* Text of the "scrapped" Clause IV