The socialism of centralised state control of industry and production, is dead. It misunderstood the nature and development of a modern market economy. It failed to recognise that the state and public sector can become a vested interest capable of oppression as much as the vested interests of wealth and capital. it was based on a false view of class that became too rigid to explain or illuminate the nature of class division today.
But the world is ever more interdependent. Stock markets and economies rise and fall together. Confidence is the key to prosperity. Insecurity spreads like contagion. So people crave stability and order.
The blunt truth about the politics of climate change is that no country will want to sacrifice its economy in order to meet this challenge.
We are going to expand enormously -- our economy, our consumption, over the years to come ... But the consequences of that on emissions are going to be severe unless we change direction.
Our task is not to fight old battles, but to show that there is a third way, a way of marrying together an open competitive society and successful economy with a just and decent society.
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