Plutocracy rules - Labour funding
Rich people's largesse continues to be the funding source of preference for Britain's political parties as detailed here . I am alone in thinking it's time for a stand in favour of small donations, whether through trade unions, socialist societies or individuals, as opposed to high worth individual donors?
No...both Alan Simpson and John McDonnell called for "ethical funding policy" in Tuesday's Morning Star
Posted by:grimupnorth | August 23, 2007 at 03:24 PM
After the 1997 General Election the then Finance Director sought to institute a 40:30:20:10 ratio for Labour Party funding with members contributing 40%, Unions 30%, high worth individuals 20% and commercial activities 10%. There was even an NEC sub-committee on ethical funding chaired by Lord Levy according to some sources consulted by the LabOUR Commission! But maybe I just imagined that.
Even CLGA members of the NEC don't see how Members can become the biggest funders of the Party anytime soon, so no effort is devoted to even thinking about how that might be achieved, and plutocracy rules.
Posted by:Peter Kenyon | August 23, 2007 at 06:09 PM