The key to the politics of the next decade and Labour's chance to speak for the majority lie here, in this article on how the super rich are the only group who has benefited from the last years of neoliberalism. Essentially the great majority have fallen behind as the top 1% shoot off into space with all the money. It requires a very big U-turn from New labour's embrace of the super-rich. Does Miliband gets it? The Greens, or some other party, might just steal a march if he doesn't. Look what happened in Scotland.
Meantime Jim Rogers, the great/ devilish American speculator, was interviewed on BBC World Service and declared time on the dollar due to America's unsupportable debt burden. He said the day when the greenback ceased to be the world reserve currency was not far off - and there was no obvious replacement; neither the euro or the yuan could replace it. Oh, and the oil was officially running out. What struck me was his view that politicians are only thinking about the election cycle, not long-term, hence their inability to get to grips with deep structural problems. Interesting times ahead.
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