A spectre is haunting Europe — and knocking on the door of Downing Street. It has installed a president in France and a mayor in New York. It is causing mayhem in Spain and Greece and insurgency in Scotland and it may yet halt Hillary Clinton’s march to the White House. This idea — left-wing populism — is a radical, coherent and modern response to the financial crisis and the hardship suffered since. It is being effectively harnessed by Ed Miliband, taking him within touching distance of victory. And it may well become the creed that guides the next five years of British government.
The Labour manifesto that was published this week is a response to the new populist mood. It buries the pragmatic ‘New Labour’ era which sought to appeal as much to employers as to workers. In its place comes the politics of division: a Britain of tenants vs landlords, rich vs poor, even Premier League vs small football clubs. Miliband’s agenda is mainly about what he’ll do to business, not what he’d do with government. He’ll break up banks, interfere with pay and make it easier for workers to sue their bosses. Miliband stands before us, catapult in hand, promising to slay these corporate Goliaths.
Not so long ago this would be seen as a quixotic revival of 1970s socialism, and a form of political suicide. But even Miliband’s critics must now admit that the creed is not only just populist but popular — and winning elections elsewhere. The Tea Party of the American right is now on the wane. The rising force in western politics is the populism of the left — which is (to paraphrase Blair) about the politics of anger, not the politics of answers. A new angry brigade is emerging, and Conservatives underestimate it at their peril.
When Ed Miliband ran for leader, unkind souls mocked him for his wonkish phrases: the ‘pre-distribution’ of wealth, or denouncing as ‘predators’ companies he did not like (energy firms, banks, etc).

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