With the Marx-reading campaigner as shadow chancellor,renationalisation is back on the agenda along with wealth tax and a higher living wage Chris Leslie, Labour’s short-lived post-election shadow chancellor, and said the party should pitch its appeal to “the Which? magazine strata of society made up of cost-conscious middle-class consumers and buy-to-let landlords. His successor,the veteran leftwing campaigner John McDonnell, is more likely to be found reading Karl Marx.
Marx’s Capital, and with its prognosis – as yet unrealised nearly 150 years on – that capitalism’s inherent contradictions and periodic crises would eventually bring about its collapse,is the first book ODonnell recommends reading to understand the thinking behind Labour’s modern economic policy.
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Source: theguardian.com