(Daily Mail)

Rachel Reeves says Andy Burnham will 'almost certainly' be next PM as she tries to defend her record
......

Typical career politician, she has no idea why her boss was sacked - inter alia, because she cancelled heating subsidies for pensioners last winter, to save 'taxpayer money'...  Thatcher's evil dogma still rules. 

(The Independent)

Voices: Sir Keir has left a fiscal mess for Andy Burnham to clean up.

.......

Yes - but The Independent's  journalists reject raising taxes to fix the 'fiscal mess', while urging Burnham "to invest in moving vulnerable people into work rather than merely saving the Treasury money; Mr Burnham and his colleagues could actually make a real difference to their lives".

So how does a government shift long-term unemployed people off the dole and into work - which requires government to create/identify the appropriate jobs - without first spending  "taxpayer" money? 

Proving the MSM, as always,  is ignorant of the nation's sovereign currency-issuing capacity. 

And in Canada:

(The Daily Digest)

Why experts say Mark Carney faces political headwinds

(experts? "It's the economy, stupid" - or rather, the dysfunctional Neoclassical economy).

Carney has been working to expand Canadian export markets and re-engage with key global allies as Donald Trump fires off new and ever more unprecedented attacks on America’s closest friends and partners. Yet public opinion is still way down.

A whopping 35% of the 1,850 Canadians polled by Abacus Data between January 9th and 14 expressed their worries about Trump and his government. However, healthcare (37%), the economy (42%), and the rising cost of living (60%) all ranked far higher than Trump as the most important issues facing Canada.

"Other priorities include job security and unemployment, crime and public safety, climate change and the environment, and inequality and poverty. Concerns about global security threats, including China and Russia, remain lower on the list, as do issues related to Indigenous reconciliation and election interference," Abacus Data noted.

“These perceptions are consistent across most regions, but there are strong correlations between age and perceptions. Younger Canadians are more likely to think Canada is in a recession compared with older Canadians,” Abacus Data explained about its findings.

Carney faces a complicated future ahead. Coletto noted the Canadian electorate is paying attention to what’s happening at home and abroad more than ever, and their opinions will be shaped by global events and their perceptions about Canada’s growing economic fragility in the face of a quickly changing world.

..the fate of all mainstream politicians captured by Neoclassical economics.

Gary's economics:

https://www.msn.com/en-au/money/economy/why-asset-prices-rise-but-middle-class-w...

Why asset prices rise but middle class wages dont.

........

Informative video from a successful investor in financial assets, as opposed to investing in the economy's productive capacity to benefit everyone.

"Capitalism doesn't invest for poor people, which is why the wealth of working people is shrinking", as rich people increasingly hoover up society's wealth to invest in asset wealth, as opposed to productive capacity leading to consumption which can be afforded by all.   


His solution: increase taxes on the super wealthy.

The better solution:

https://publicmoneypublicgood.net/.

In any case change is urgently needed, because the current Neoclassical orthodoxy is leading to societal and economic collapse.

[Core take-away: this article argues that recent progressive victories in New York signal a broader backlash against decades of rising oligarchy in the United States — and that this shift represents Donald Trump’s “worst nightmare” because it challenges the economic and political system that empowers him and his allies.]

(Alternet)

The earthquake is real as Trump's worst nightmare unfolds

On Tuesday night, the establishment wing of the Democratic Party got a message it would prefer to pretend it didn’t hear. In New York, Mamdani-backed progressives swept the congressional primaries, ousting two sitting Democratic congressmen and taking an open seat in a single evening.

Former city comptroller Brad Lander beat Rep. Dan Goldman by more than thirty points.

A 32-year-old democratic socialist named Darializa Avila Chevalier knocked off five-term Rep. Adriano Espaillat, the chair of the Congressional Hispanic Caucus, and state Assembly member Claire Valdez won the seat Nydia Velázquez is vacating.

House Minority Leader Hakeem Jeffries (a recipient of dark money and AIPAC money) campaigned hard against all three and watched all three win anyway.

As Bernie Sanders put it afterward, the message is pretty clear: Americans are sick to death of a rigged economy and of billionaires buying their elections.

The corporate press and just about every Republican in the country will tell you these candidates are “socialists,” and they’ll spit the word the way you’d say “arsonist.” A little history clears the fog.

When a young public defender in upper Manhattan or a state assemblywoman in Brooklyn calls herself a democratic socialist today, she isn’t talking about Havana or the old Soviet Politburo (the way Republicans and much of the press want you to think). The three who won in New York ran on Medicare for All, affordable housing, stronger union protections, and an end to U.S. military support for Israel’s assault on Gaza.

............


Hmm.... people are seeing Trump's "communist threat" ideation for what is, namely, utter garbage.

Interestingly, as interest in revolutionary Marxism was growing in Europe in the late 19th century, a German thinker, Eduard Bernstein, founder of the 'Democratic Sociallist' movement,  rejected Marx's (violent) revolution idea in  favour of achieving socialism through democratic means. 

Bernstein noted that Marx's prophesy of capitalism's  collapse didn't occur in late Victorian England, where a growing middle class was experiencing gains in living standards.

But fast forward to today, and we see the middle class is going backwards, which is why Bernstein's concept of socialism through democracy is becoming more and more relevant, after more than a century of extreme political and economic upheaval around the globe, manifested in 2 world wars separated by the GD; post war globalization; the collapse of the USSR,  and the rise of China as a competitor to the US, with median wages in the democracies stagnating while the economy churns out billionaires. 

Bernstein's era of 'democratic socialism' has arrived, as a reaction to decades of capitalism being co-opted by Neoclassical excess (see the 1946/7 Taft Hartley Act, leading to the final collapse of union power under Thatcher-Reagan anti-union ideology). 

Gary Stevenson wants to avoid reversion to pre-WW2 inequality, leading to Dickensian  poverty all over again.

He's hoping to talk to Burnham who is considering increases to CGT.

(on BBC Channel 4)

https://www.youtube.com/watch?v=EPeP9xFrtP0

Gary Stevenson says Britain is FINISHED unless we fix this problem

"If we don't get wealth taxes or some serious movement on wealth taxes when Burnham comes in, he will lose the next election".

.....

Gary admits his 2% tax on extreme wealth alone - like Burnham's mooted changes to CGT -  won't fix the problem, but it will be a start.

He says Britain has 2 choices: Burnham and tax reform, or Farage's Reform,  ie, stop immigration.

Gary needs to connect with Steve Keen who is explaining why politicians are misled by Neoclassical economists.

https://www.youtube.com/watch?v=5l5kROMYEcw

Together they would have a complete understanding of the way forward, to gain the public's support to vote for democratic socialist politicians, to achieve an economy which works for all.