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In the dedicated pursuit of dedicated capital: restoring an indigenous investment ethic to British capitalism
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Hay, Colin and Watson, Matthew (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. doi:10.1080/13563469808406368 ISSN 1356-3467.
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Official URL: http://dx.doi.org/10.1080/13563469808406368
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 | ||||
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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 | ||||
Official Date: | November 1998 | ||||
Dates: |
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Volume: | Vol.3 | ||||
Number: | No.3 | ||||
Page Range: | pp. 407-426 | ||||
DOI: | 10.1080/13563469808406368 | ||||
Status: | Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) |
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