Left critics will have no problem to show that Stiglitz is an ‘ordinary’ neo-keynesian, whose thinking is not that different from mainstream economic theory. He makes no secret of his credo in ‘inclusive capitalism’. When he speaks of full employment, it is in the sense of the NAIRU, which in fact subordinates a social need to a macroeconomic model. He promotes the
Jeremy Corbyn’s re-election to the leadership of the Labour Party on an increased vote is a significant victory for the left in the Labour Party and for progressive politics in Britain. It is a victory that everyone on the left celebrates. It demonstrates the strength of support that exists for changing the politics of the Labour Party: for shifting the balance of power within our society, away from the political and economic elites towards the majority, to empower and enfranchise the working class and communities hardest hit by the long run attacks upon the welfare state.