The Spectator

It’s time to talk trade

Corbyn-style collectivisation may be all the rage but free trade is the answer to most social and economic ills

issue 30 September 2017

Thirty years ago, the Conservatives would have had no problem countering what Jeremy Corbyn had to offer in Brighton. But as they gather in Manchester for their own conference, they know they are going to have to find a new way of appealing to a generation born after the fall of Soviet communism, which has no memory of (or interest in) the 1970s, with its industrial strife and moribund state-run industries.

Socialism, as we found out in June, is this year’s surprise hit. For younger voters struggling to find a way on to the property ladder, a bigger, all-embracing state may seem to be the answer. As for financial crises, the only one they have witnessed in their adult lives was one blamed on reckless banks. It is harder for them to appreciate the economic consequences of collectivisation, in spite of the admission by shadow chancellor John McDonnell that his policies might cause a run on the pound. He promises disruption, and there is a market for that. A great many young people have experienced stagnant wages and seen soaring house prices, and feel any other way must be a better way.

Free trade is the most effective way to encourage poverty reduction, social cohesion and conflict prevention

The Conservatives find themselves struggling to find a language which connects with voters born after 1973, most of whom opted for Labour at the last election. Indeed, they are struggling to find an agenda more broadly. But there is no shortage of issues to discuss. Labour’s decision not to debate Brexit at its conference showed that the party is mute on the single most important issue of the day. There is an opportunity here, if the Tories have the wit to seize it.

Most of those who voted for Remain now think the result of the referendum ought to be respected; slowly the divisions are starting to heal.

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