Douglas Carswell

10 JAN 2017

Theresa May won't solve anything with more patrician Toryism

Theresa May is inching her way toward the idea that there is something wrong with executive pay, corporate governance, and lack of opportunity. But what is her answer? For all the fanfare, it appears to be just more patrician Toryism.

Writing in the Telegraph yesterday, the PM criticised "burning injustices", called for "building the shared society" – and concluded that "it is the job of government ... to correct the injustice and unfairness that divides us wherever it is found".

Rather than looking for opportunities for government to intervene in people's lives, surely she should be looking to create an economic and social system that doesn't require ministers to intervene.

If she wants to reform corporate governance, why doesn't she stop the people who manage companies from parasiting off the people who own them?

If she is serious about economic reform, why isn't she breaking the producer cartels that dominate everything from energy to credit?

If she believes in equal opportunity, when is she going to do something about a monetary system that transfers wealth to those who already have assets, while preventing young people from buying a house?

There is a hugely important debate to be had about oligarchy. But we're not getting it from the leaders of the big parties. For Jeremy Corbyn, the answer is 1960s Cuban-style socialism. For Theresa May, it seems to be pre-Thatcherite conservatism. Both have been tried before. Neither has worked.

The real answer is uber-liberalism – in the genuine sense of the word. We need to frustrate a system that allows an oligarchy to rule. My forthcoming book, Rebel, shows how.

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