The Father of Conservatism

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Herein lies the Ghost in the political machine of the Rt. Hon. Edmund Burke. Much like Max Weber arguing with the Ghost of Marx, this blog seeks to make relevant and where appropriate support or reject Burke's 'Reflections' against the backdrop of the disastrous New Labour experiment.

Friday, 28 November 2008

Labour has a moral claim to answer for with its duplicity in the Financial Crisis.

Many commentators have branded the pre-budget report the death knell of the New Labour Project, but this blog takes a different view believing that Britain itself, including its Government, has gone absent without leave.

The economic dimension for the current crisis is starkly obvious, but the moral rudiments are scarcely muttered. We have a Government that bought up cheap credit and thus went on a credit binge, this was echoed by the banking sector that gave everyone under the sun access to credit.

My argument is this pseudo-morality claim to end boom and bust encouraged normal citizens to follow suit to borrow and subsequently get into copious amounts of debt.

The moral compass, to use a Brownite phrase, was placed next to a magnet and from henceforth became utterly distorted in a positive social direction. People, including Labour, felt it had a moral right to spend money on things, to fitter money away and it was a sign of a bad citizen if one was a poor consumer in essence a saver.

This all came crashing down hence our current predicament, however it is the supposed 'solution' that Labour are putting forward that has me lost for words. How can anyone justify spending their way out of recession, both in Government and in public consumption habits?

Surely our culture of debt has gotten us into this hole in the first place? People are in debt, coupled with house prices plummeting and food and energy prices climbing, the public are on no position mentally or physically to start spending.

The same goes for Labour, if they have no money, because they didn't save in times of plenty, borrowing more will surely just rack up a larger debt we can't pay off.

The blame-game on the banks is equally a futile endeavour, people have slagged them off because they lent to people who couldn't pay them back, now in a complete volte face the banks are not lending to anyone, included themselves, to which people are demanding their heads.

Banks have been polarised by fear, from lending recklessly to recklessly not lending at all.

In addition, Labour are treating its supposed voters the working class with total contempt with its policy on VAT. Labour have spoken about getting people to open there wallets and who better to do that than the working classes! It was this solution to boost economic growth that has led to this current crisis.

To get poorer people in society to purchase goods they don't need, especially now they are in debt, caused by this deranged morality to borrow, is an outrage to helping poorer people everywhere. For Labour to think, 'they' (the working class) don't have the faculties to save and not to spend recklessly is abominable. What good is a cut in VAT to stimulate growth if you have no job in which is earn a wage?

This is why the Conservatives have to weave a thread that unites, firstly their successful campaign to pin Britain's 'broken society' narrative onto Labour's time in government, with the economic crisis.

In essence, Britain has become financially corrupt because of her moral debasement in the art of prudence and thrift, caused by Gordon Brown's 11 year legacy borrowing and not saving, which should be written on his tombstone.

If Cameron can successfully make this socio-economic argument for Britain's broken society
clear in people's minds then he has a huge opportunity to hang Labour with it. In short, the attack should read:

'Brown isn't at all economically strong, because he has morally weakened our societal sense of proper economic conduct thus we have entered into a broken society' – to which the Conservatives exist to only fix what is truly broken, this is Cameron's calling I hope to God he answers it.

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