(13 years, 8 months ago)
Commons ChamberYes—because of the failings of the market, which is the point I am trying to make. If we want a good society, we have to acknowledge that while there can be problems with an overbearing state, some of the problems created by markets are far greater than those created by the state.
The hon. Lady says the situation is because of the market’s failure, but was there not a failure of policy? When this Government came in, one in five 18 to 24-year-olds were unemployed; that was a failure of policy by the previous Government, not of markets.
I return to my earlier example about why it is important to support credit unions—some banks were not giving credit, loans or bank accounts to some of the poorest and most deprived people in my constituency. My hon. Friend the hon. Member for Walthamstow (Stella Creasy) has rightly been highlighting the need to take on some of the illegal—and legal—loan sharks who prey on such people, including my constituents. That is down to a failing of the law, yes, but also of markets, and it needs to be tackled.
In conclusion, the Government claim that their big society is about empowering local people, but in reality it is about rolling back the state and using markets alone to drive change in our public services. That will leave too many communities to fend for themselves. That is okay in areas with huge resources and people who have time to volunteer, but in my constituency where people are struggling to find work and get on the housing ladder and have real problems and issues, I do not think that will work. Keir Hardie, the founder of the Labour party, believed that the role of the state should be to enable people to choose the life they want to lead, and that markets should serve the people, not the other way round. He wanted to create a society based on the inherently human values of solidarity and community and not on those of the market or an over-powerful state. Hardie’s vision is as relevant today as it was 100 years ago. The Government’s big society will not achieve it, but I hope and believe that Labour’s good society will.