Osborne has taken the "dot communism" fetish to another level

Labour should learn from his error.

This summer at the Edinburgh book festival, Ewan Morrison coined the excellent pejorative "Dot Communism" and I've been borrowing it ever since. Dot Communism pervades public life across all political boundaries. It is the lazy fetishisation of the values of firey start ups everywhere: work tirelessly, grow fast, and democratise resources, insofar as democratisation involves everyone owning everything at once, whether it be information or hard cash.George Osborne yesterday took this fetishisation to a new extreme, and Labour should be learning from his error.

Proposing a new scheme in which employees swap certain significant employment rights for a stake in the organisation which employs them, Osborne seeks to create a new kind of worker - the "employee-owner". In a sense it's safe Tory ground in that he's relying on personal responsibility rather than protectionism to ensure both productivity and fair play. However, the scheme also relies on- indeed champions - the thrusting owner mentality which will thrive on personal risk provided there's the promise of fat, fast returns.

Labour should be paying attention to two kinds of response. Unions have reacted with outrage, with Paul Kenny of the GMB stating unequivocally his belief that "slashing people's employment rights... won't create jobs and it won't create growth". This was perhaps predictable. Osborne gleefully played up his scheme's lefty-bating angle, introducing the policy with the gloriously sarky statement "workers of the world unite". Still, the horror of the left at this extreme application of the dot communist manifesto should be a stark warning to any overly soundbite-friendly policy wonks at Labour HQ.

More importantly, John Cridland, director general of the Confederation of British Industry, was quoted in the Guardian with a distinctly lukewarm response. The scheme might be 'attractive' to workers in 'some of Britain's cutting-edge entrepreneurial companies', but he thinks 'this is a niche idea and not relevant to all businesses'. In other words, flashy get rich quick schemes might well appeal to a few media-friendly industries whose workers are characterised by boldness and zeal, but the majority of organisations rely on the bulk of their workforce feeling secure in their jobs, drawing their salary, and proceding perfectly happily without a major stake in the future of the company.

All Labour needs to do now is to realise that this is exactly what they've already said. Shadow secretary of state for business Chuka Umunna's speech at the party conference- as recorded on Labour's website- now looks rather prescient in calling for "an economy that rewards those that work hard and create sustainable value- not those just out to make a quick buck". There's an opportunity for Labour to turn this line into more than banker-bashing. They can be the party of sensible entrepreneurship and sustainable growth, the thriving local furniture business to the Tories' coke-fuelled Old Street digital bullshit dispensary.

As Ed Miliband starts putting some flesh on to the bones of his "one nation", he should be reading the papers today and remembering that, in business, mutual responsibility, shared vision and employee development are about much more than the promise of quick cash. Indeed, he's already said as much- so he'd better make sure the nation realises it.

Josh Lowe is a freelance journalist and writer. He tweets at @jeyylowe.

The silicon roundabout in Old Street. Photograph: Getty Images.

Josh Lowe is a freelance journalist and communications consultant. Follow him on Twitter @jeyylowe.

Photo: Getty
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Boris Johnson “will resign before weekend” if Theresa May defies his Brexit wishes

The Foreign Secretary is against paying permanently for single market access.

It turns out Boris Johnson’s 4,000 word piece in the Telegraph on Friday on his post-Brexit “vision” is exactly what we thought it was: a threat cushioned by patriotic fluff. Which is a good way of describing the man himself, really.

Because the same paper has just published an exclusive story that the Foreign Secretary will resign from cabinet before the weekend if Theresa May doesn’t follow his desired plan for Brexit.

He wants to put pressure on May not to follow the “EEA minus” option, which would see the UK paying the EU permanently for access to the single market and other benefits. The Telegraph reports that he “could not live with” that arrangement and would quit.

Johnson is trying to distance himself from the story, which allies are calling “nonsense” and blaming on his enemies, suggesting they’re spreading it as revenge against his Telegraph essay.

This is the problem for Johnson. His intervention was co-ordinated with the same paper, which now has an exclusive on his resignation threat. Anyone watching his mischief-making over the weekend would assume it had come from him. Then again, his enemies would know that, too.

But the Prime Minister has a bigger problem. She is about to make a set-piece speech in Florence on Friday, outlining the government’s approach to Brexit. She was planning on showing a draft to cabinet on Thursday.

Up against a Tory party and cabinet divided over how hard or soft Brexit should be, it was always going to be a difficult task. With the threat of a high-profile cabinet resignation, it will be even harder. It shines the light on ideological divisions that she hoped to push out of the way of conference season. With Brexit addressed in the Florence speech, she could have used Tory party conference to focus on domestic policy (ie. looking like a Prime Minister in control for a bit). Now, it’ll be all about the party’s divides – and leadership challengers.

Anoosh Chakelian is senior writer at the New Statesman.