Author: Sam Bowman

Corbynite Economics

A review of Stolen: How to Save the World from Financialisation by Grace Blakeley, Repeater Books (September 2019) 300 pages. It is tempting for Jeremy Corbyn’s critics to write off his electoral promises as bribes—a last-ditch attempt from the most unpopular major party leader in memory to buy his way to victory. There’s some truth to this when it comes to pledged levels of public spending. But Corbynism is not an opportunistic ideology. He and the people around him have a set of beliefs about the economy that they take very seriously, and it’s worth trying to understand them. Stolen: How To Save The World From Financialisation, by New Statesman columnist and socialist campaigner Grace Blakeley, is one of the more serious attempts to set out a version of Corbynism (compared to, say, Aaron Bastani’s buffoonish Fully Automated Luxury Communism). Blakeley, who recently tweeted that reading the Labour manifesto had moved her to tears, has tried to put modern leftism in a post-financial crisis context. Her book hopes to explain why she believes the crisis …