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Political Thinking with Nick Robinson

Bonus podcast: Corbyn’s Labour Episode 2

Political Thinking with Nick Robinson

BBC

Politics, News

4.62.5K Ratings

🗓️ 10 August 2018

⏱️ 28 minutes

🧾️ Download transcript

Summary

In a bonus podcast for Political Thinking subscribers over the summer break, the FT’s George Parker presents the second episode in the Radio 4 series, ‘The Long March of Corbyn’s Labour’. He explores Labour’s approach to the economy and how far reaching its policies will be. Political Thinking will return in September.

Transcript

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0:00.0

This is the BBC.

0:03.1

Hello, I'm Nick Robinson.

0:04.9

As we're taking a break over the summer,

0:07.0

here's a chance to listen again

0:08.6

to the excellent Radio 4 series,

0:11.2

The Long March of Corbyn's Labour.

0:13.8

In this week's episode,

0:15.4

George Parker, political editor at the Financial Times,

0:18.5

explores Labour's approach to the economy

0:20.7

and how far-reaching

0:22.1

its policies will be. I'm a Marxist. This is a classic crisis of the economy, a classic capitalist

0:30.4

crisis. I've been waiting for this for a generation. Recognise that voice?

0:40.8

Yes, that's John MacDonald, speaking in 2013,

0:45.8

explaining how the financial crisis had created the perfect storm,

0:50.1

a chance for labour to completely rewire the British economy and overhaul the way the country is run.

0:53.3

Two years later, he would become Shadow Chancellor.

0:57.0

The cry saying don't waste it, you know, let's use this to explain to people,

1:03.0

this system based on greed and profit does not work.

1:07.0

What we need is a system based upon planning for need and democratically controlled.

1:15.6

Now John Macdonnell and his old comrade Jeremy Corbyn have a chance to turn stump speeches in sweaty conference halls into a prospectus for running Britain.

1:26.6

Business is paying close attention,

1:29.1

and ordinary voters are asking the question,

...

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