Has Red Toryism peaked already?

Cameron's flirtation with Red Toryism, like Blair's with stakeholding capitalism, was entirely super

The self-styled 'Red Tory' Phillip Blond appeared to be in the ascendancy earlier this year as David Cameron appeared alongside him at the launch of Demos's Progressive Conservatism project. Speculation that Cameron was prepared to embrace significant elements of Red Toryism intensified when his speech on "moral capitalism" to the World Economic Forum in Davos drew heavily on Blond's work. He even poached Blond's smart line on "recapitalising the poor".

Yet nearly six months on, Blond has little to show for his consistent attempts to woo the Tory leader. He has argued that the Conservatives should abandon their support for the part-privatisation of Royal Mail and outline a plan to extend the Post Office's retail banking function. But even after Lord Mandelson's policy retreat the Tories remain committed to privatisation. Cameron also shows no sign of support for a genuinely progressive tax system.

The Guardian's Tom Clark thinks he has an explanation. Noting the party's failure to support the tighter competition laws advocated by Blond, he writes:

While this policy is attractive, a Tory government would struggle to implement it, because it clashes with the big Conservative business interests. We arrive at the nub of the argument for ingesting Red Toryism with a shovel-load of salt. Clever people, of whom Blond is indubitably one, are prone to over-intellectualising politics - failing to grasp that it is a game where interests trump ideas. In the Tory party, the weightiest interest is property - not the abstract notion, but the real security of those who happen to own it.

It's hard to avoid the conclusion that Cameron's flirtation with Red Toryism was no more substantial than Tony Blair's fleeting support for Will Hutton's brand of stakeholder capitalism in his 1996 Singapore speech.

Hutton, briefly touted as the philosopher-king of New Labour, soon found himself sidelined in favour of Anthony Giddens as it became clear that his ideas would require a degree of state intervention intolerable for Blair. Just as social democrats speak longingly of Blair's Singapore speech, expect the Red Tories to soon wistfully reminisce about Cameron's Davos speech.

For all the seductiveness of Blond's analysis, it's increasingly clear that Conservative policy will continue to owe more to Arthur Laffer than to the Red Tories.

George Eaton is political editor of the New Statesman.

Getty
Show Hide image

Donald Trump vs Barack Obama: How the inauguration speeches compared

We compared the two presidents on trade, foreign affairs and climate change – so you (really, really) don't have to.

After watching Donald Trump's inaugural address, what better way to get rid of the last few dregs of hope than by comparing what he said with Barack Obama's address from 2009? 

Both thanked the previous President, with Trump calling the Obamas "magnificent", and pledged to reform Washington, but the comparison ended there. 

Here is what each of them said: 

On American jobs

Obama:

The state of our economy calls for action, bold and swift.  And we will act, not only to create new jobs, but to lay a new foundation for growth.  We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together.  We'll restore science to its rightful place, and wield technology's wonders to raise health care's quality and lower its cost.  We will harness the sun and the winds and the soil to fuel our cars and run our factories.  And we will transform our schools and colleges and universities to meet the demands of a new age.

Trump:

For many decades we've enriched foreign industry at the expense of American industry, subsidized the armies of other countries while allowing for the very sad depletion of our military.

One by one, the factories shuttered and left our shores with not even a thought about the millions and millions of American workers that were left behind.

Obama had a plan for growth. Trump just blames the rest of the world...

On global warming

Obama:

With old friends and former foes, we'll work tirelessly to lessen the nuclear threat, and roll back the specter of a warming planet.

Trump:

On the Middle East:

Obama:

To the Muslim world, we seek a new way forward, based on mutual interest and mutual respect. To those leaders around the globe who seek to sow conflict, or blame their society's ills on the West, know that your people will judge you on what you can build, not what you destroy. 

Trump:

We will re-enforce old alliances and form new ones and unite the civilized world against radical Islamic terrorism, which we will eradicate completely from the face of the earth.

On “greatness”

Obama:

In reaffirming the greatness of our nation we understand that greatness is never a given. It must be earned.

Trump:

America will start winning again, winning like never before.

 

On trade

Obama:

This is the journey we continue today.  We remain the most prosperous, powerful nation on Earth.  Our workers are no less productive than when this crisis began.  Our minds are no less inventive, our goods and services no less needed than they were last week, or last month, or last year.  Our capacity remains undiminished.  

Trump:

We must protect our borders from the ravages of other countries making our product, stealing our companies and destroying our jobs.

Protection will lead to great prosperity and strength. I will fight for you with every breath in my body, and I will never ever let you down.

Stephanie Boland is digital assistant at the New Statesman. She tweets at @stephanieboland