I went over to Hackney to attend the People’s PPE. This, their second event was called the Hitch Hiker’s Guide to Economics and I have produced a storify here which is a collection of tweets and other social media comments about the event. The rest of this blog is based on my notes and the thoughts it provoked, on debt, banking regulation and Islamic finance, a bit less about the class war.
Ann Pettifor, Director of PRIME, opened the session, stating that the problem was debt and the banks, which create debt.
I went up to London to attend the Labour Representation Committee Special General Meeting. The original LRC was the fore runner of the Labour Party, but today it is a left-wing pressure group and it called a special meeting mainly to discuss strategy after the election of Jeremy Corbyn as Leader of the Party. The most important debate would be the LRC’s relationship with Momentum as Momentum regularises its position within the Labour Party. The meeting was opened by John McDonnell MP who reprised the previous nine months and then followed by the debate which shows the Left are as conflicted as the Right about the new members and renewed interest in the Labour Party.