The New Labour

Paper Summary:

This paper examines how New Labour has distinguished itself from traditional Keynesian Labour, assuming that it has to deal with a mixed economy in which the private sector has been given more and more importance. It looks at how consequently, polemics have emerged around the question of knowing if Labour is closer to the centre-left or to the "New Right". It also discusses how New Labour has met serious difficulties to be considered as a proper political social democrat ideology rather than a pragmatic approach to rising Britain's socio-economic difficulties.

Outline:
New Labour as a Fundamentally New Political Ideology or As a Pragmatic Political Programme
New Labour in the Logic of a Historical Change Process of the Labour Party
New Labour's Main Objectives
New Labour: A Real Shift in Governing Strategies?
New Labour's Welfare Reforms and its "Distinctiveness"
New Labour's Governing Strategies as Distinctive from Those Of Old Labour and Thatcherism?
New Labour Closer to the Centre-Left or to the "New Right"?
Conclusion

From the Paper:

"New Labour is certainly not particularly distinctive from its governing predecessors in terms of depoliticisation. In 1998, Gordon Brown, the Chancellor of the Exchequer, established that the Bank of England would be independent in the determination of interest rates. Consequently the Blair government reject a level of political responsibility in the implementation of core economic policies: indeed, interest rates used to be a fundamental economic tool for British governments under Old Labour's Keynesianism to solve Britain's relative economic decline. It is also a policy in rupture with Thatcherism's monetarist policies which tried to fight the inflation by regulating the amount of money in circulation. "

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