Hay, Colin, 1968- and Watson, Matthew, Ph.D.. (1998) In the dedicated pursuit of dedicated capital: restoring an indigenous investment ethic to British capitalism. New Political Economy, Vol.3 (No.3). pp. 407-426. ISSN 1356-3467

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Abstract

Tony Blair’s landslide electoral victory on May 1 (New Labour Day?) presents the party in power with a rare, perhaps even unprecedented, opportunity to revitalise and modernise Britain’s ailing and antiquated manufacturing economy.* If it is to do so, it must remain true to its long-standing (indeed, historic) commitment to restore an indigenous investment ethic to British capitalism. In this paper we argue that this in turn requires that the party reject the very neo-liberal orthodoxies which it offered to the electorate as evidence of its competence, moderation and ‘modernisation’, which is has internalised, and which it apparently now views as circumscribing the parameters of the politically and economically possible.

Item Type:	Journal Article
Subjects:	D History General and Old World > DA Great Britain
Divisions:	Faculty of Social Sciences > Politics and International Studies
Library of Congress Subject Headings (LCSH):	Blair, Tony, 1953-, Labour Party (Great Britain), Great Britain -- Economic conditions -- 1997-, Great Britain -- Politics and government -- 1997-
Journal or Publication Title:	New Political Economy
Publisher:	Routledge
ISSN:	1356-3467
Date:	November 1998
Volume:	Vol.3
Number:	No.3
Page Range:	pp. 407-426
Identification Number:	10.1080/13563469808406368
Status:	Peer Reviewed
Access rights to Published version:	Open Access
URI:	http://wrap.warwick.ac.uk/id/eprint/2146

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