By Councillor Pete Lawrence
Economic nationalism stands against the neo-liberal politics of destruction. We oppose the deindustrialisation, over-financialisation, and growing wealth inequality of late-stage capitalism.
The cycles of life, civilisation, and human thought are unstoppable. Metamorphosis is inevitable, and freedom must come.
- We will embark upon the most ambitious programme of nationalisation any modern nation has ever seen. Utilities, transportation networks, and key industries will be taken from the profiteering grasp of the private sector.
- Public infrastructure projects will be financed directly from the Treasury without requiring new gilt issuance to cover borrowing costs. Issued as self-liquidating loans, these funds will be written off upon repayment, ensuring that public works are undertaken free from debt interest payments and inflationary pressure.
- The entire financial sector will be returned to public accountability through parliamentary regulation. The City of London Corporation will be disbanded, and its offshore banking activities proscribed.
- A low Bank of England base-rate policy will be implemented to reduce the cost of debt. Once budget deficit borrowing no longer burdens the taxpayer, gilt issuance will be reduced and yields capped at a fixed low rate.
- Interest paid to commercial banks on QE reserves will be cancelled.
- To provide workers with a secure, productivity-focused investment vehicle, industrial corporations will be permitted to issue bonds to fund growth. Owning your own home and providing a legacy for your children are natural aspirations that our nurturing state will respect.
- Productive work is the heart of our nation. Income earned through productive labour is morally superior to income derived merely from capital investment. Our taxation system will reflect this principle: the Babbitts and the billionaires will pay more than the bakers of our daily bread.
Trade protectionism, industrial reshoring, and agricultural self-sufficiency ARE national security.
Economic nationalism IS sovereign finance and sovereign productivity for the British worker.
Why vote for another finance-capital manager of a Western European economic zone when you can vote for the renewal of Britain through the rise of the British worker?
Vote Radical. Vote British Democrats.
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Promoted by the British Democrats, PO Box 11028, Loughborough, LE12 7YL.
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