The Green Party are hopeless reformists. They are also currency cranks with it, as in the passage from their manifesto he quotes shows:
The existing banking system has failed and is no longer fit for purpose. The Green Party believes that the power to create money must be removed from private banks. The supply of our national currency must be fully restored to democratic and public control so that it can be issued free of debt and directed to environmentally and socially beneficial areas such as renewable energy, social housing, or support for community businesses…
Most Green Party candidates let alone members don’t understand what this means. I remember listening to one during the 2015 general election as she valiantly tried to explain this — basically the government simply printing more money to finance the reforms they propose. Hello, raging inflation. And of course if you try to put spending on social or environmental reforms before profit-making you’ll just provoke an economic downturn.
Where I live at the local elections in May the Greens did a deal with the Liberals and got 4 councillors elected. This seems to be the Green Party’s current strategy — get councillors elected. There’s not much else they can do now that Labour under Corbyn has taken back the programme of social reforms that the Greens stole from them when Blair & Co were in charge.
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This reply was modified 5 years, 12 months ago by ALB.