Browse content similar to 01/11/2013. Check below for episodes and series from the same categories and more!
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Afternoon, folks. Welcome to the Daily Politics. David Cameron | :00:39. | :00:46. | |
travels to Cardiff to announce new powers for the Welsh Assembly. The | :00:47. | :00:53. | |
state-owned bank RBS announces it will restructured to deal with ?38 | :00:54. | :00:58. | |
billion of bad assets. George Osborne said the move will make it | :00:59. | :01:03. | |
easier to sell off the bank and get taxpayers' money back. Should | :01:04. | :01:07. | |
football fans have more say over how clubs are run? We will discuss | :01:08. | :01:11. | |
a plan to make English football more German. And in the first of a | :01:12. | :01:17. | |
series on political thinkers, we have the low-down on Karl Marx. If | :01:18. | :01:24. | |
you want to understand and have an interest in social justice, you | :01:25. | :01:31. | |
cannot ignore Karl Marx. We never ignore Karl Marx on the | :01:32. | :01:39. | |
day the politics. -- the Daily Politics. We asked for the duration, | :01:40. | :01:44. | |
I am joined by the Birgitte Nyborg and Kasper Juul or British | :01:45. | :01:50. | |
political commentary. Zoe Williams, of the Guardian newspaper, and Ian | :01:51. | :01:57. | |
Collins, a broadcaster. We start with RBS, which is always in the | :01:58. | :02:01. | |
news. The chief executive announced a pre-tax loss of ?634 million. | :02:02. | :02:08. | |
That was for the three months to September. He put an end to | :02:09. | :02:12. | |
speculation the bank would be split to deal with the ?38 billion of bad | :02:13. | :02:19. | |
assets. These are moments that are not expected to be repaid. This is | :02:20. | :02:25. | |
what the Chancellor said he was on a trip to a bicycle shop. I am | :02:26. | :02:31. | |
determined to build a banking system that supports the British | :02:32. | :02:35. | |
economy and today RBS undertakes a new direction to deal with that by | :02:36. | :02:39. | |
dealing with toxic assets and making sure it is focused on the UK, | :02:40. | :02:44. | |
and making sure it is the best small business bank. It should be a | :02:45. | :02:55. | |
boost the economy and not a burden. We are joined by a City commentator, | :02:56. | :03:04. | |
Allister Heath. Explain to us what the internal bad bank is. Surely | :03:05. | :03:08. | |
the bad loans will still be on the balance sheet? You are not the only | :03:09. | :03:13. | |
one to not understand what is going on. There is a weird triangulation, | :03:14. | :03:21. | |
moving the assets from the bank, injecting taxpayers' cash, and | :03:22. | :03:25. | |
dealing with them, and the status quo. I think it is not viable, the | :03:26. | :03:33. | |
plan, it is more about substance. Nothing much will change. It still | :03:34. | :03:38. | |
has three years to get rid of the bad assets. I do not think it has | :03:39. | :03:44. | |
been doing as badly as people think, reducing bad assets by 85 per cent. | :03:45. | :03:50. | |
But what has happened is the Chancellor thought it was going | :03:51. | :03:54. | |
faster and he now realises that it will take a few more years and he | :03:55. | :03:58. | |
will not be able to privatise the bank before the election and he is | :03:59. | :04:03. | |
upset about that. He wants to change RBS and make it entirely a | :04:04. | :04:08. | |
domestic and retail business bank, getting rid of the investment | :04:09. | :04:11. | |
banking division and the US division and possibly the eye which | :04:12. | :04:17. | |
division. He is trying to remodel the back. -- the Irish division. Is | :04:18. | :04:23. | |
that in the best interests of taxpayers and when it maximise the | :04:24. | :04:28. | |
resale value? And is it the best way to run the operation? A lot of | :04:29. | :04:33. | |
today is not substance, it is not a really bad bank in the traditional | :04:34. | :04:37. | |
sense. If he had wanted to do that, he should have done at five years | :04:38. | :04:43. | |
ago. He was not in charge. They thought the way they were managing | :04:44. | :04:47. | |
it would be the right way and now they are changing their mind. I | :04:48. | :04:52. | |
would like to get another question in before it is time for dinner! | :04:53. | :04:59. | |
Why is it still losing over ?600 million in a single quarter? It | :05:00. | :05:05. | |
still has a lot of bad debt. They are still a lot of problems. The | :05:06. | :05:10. | |
biggest problem for this and other banks is the endless spate of | :05:11. | :05:14. | |
scandals that keep on hitting them. There is now an investigation into | :05:15. | :05:19. | |
foreign-exchange markets and whether they have been manipulated. | :05:20. | :05:24. | |
In terms of getting rid of bad assets, the bulk of that has | :05:25. | :05:30. | |
happened. In some ways, they are fighting yesterday's battle. A lot | :05:31. | :05:35. | |
of people underestimated the problem they still had. Maybe one | :05:36. | :05:39. | |
year ago, even though the economy is recovering, there are still | :05:40. | :05:45. | |
challenges. If you want to kick start credit in the economy, you | :05:46. | :05:49. | |
have to get rid of the bad assets but pretending you are creating a | :05:50. | :05:54. | |
bad bank by redefining some assets, it is an accounting change. I do | :05:55. | :06:00. | |
not think it will help the problems. It does not look like the | :06:01. | :06:04. | |
Chancellor gets his windfall this side of the election. He has had | :06:05. | :06:09. | |
plenty. There are many interesting things about this. Fighting the | :06:10. | :06:14. | |
last battle, as they say, regulators are always fighting the | :06:15. | :06:18. | |
last thing because they do not understand what is going on. If you | :06:19. | :06:27. | |
look at why they have lost 634, rather an -- and over 400 million, | :06:28. | :06:36. | |
they are looking at payment protection in -- protection | :06:37. | :06:43. | |
insurance. The Balkan bad debts have been offloaded. -- the bulk of | :06:44. | :06:50. | |
the bad debt. They pursued banking in a dishonest way and it will | :06:51. | :06:58. | |
continue until they stop it. I am probably the one person who | :06:59. | :07:02. | |
bothered to try to read the last RBS business report. It is the most | :07:03. | :07:10. | |
extraordinary concocted peace of writing you have ever... Whether | :07:11. | :07:16. | |
you are an economist or not, put on to paper. Nobody can understand it. | :07:17. | :07:21. | |
Nobody knows what is going on. Different people and wrote it. The | :07:22. | :07:26. | |
overseas arm does not know what the domestic arm is doing. If they lend | :07:27. | :07:31. | |
domestically, bat will be fabulous. It says to me that is his almost | :07:32. | :07:42. | |
meant to be that complicated. It is the end of RBS as a major | :07:43. | :07:48. | |
international...? It will cover domestic banking. That is a good | :07:49. | :07:55. | |
thing. We have lost sight of what a bank is supposed to do. Briefly it | :07:56. | :08:01. | |
was one of the biggest banks. But why? Because it was not doing due | :08:02. | :08:13. | |
diligence on the lending. I am bored with RBS. And I am with RBS, | :08:14. | :08:20. | |
also. It has been a busy Friday for the Cabinet. George Osborne has | :08:21. | :08:26. | |
been touring a bicycle shop. David Cameron and Nick Clegg hot-footed | :08:27. | :08:29. | |
it to Cardiff to announce new powers for the Welsh Assembly. What | :08:30. | :08:35. | |
we believe in is a strong Wales within a strong United Kingdom and | :08:36. | :08:39. | |
I think it will make for better government. It is good for the | :08:40. | :08:44. | |
Government to be responsible for raising some of the money that its | :08:45. | :08:48. | |
Benz. That leads to better conversations about how to raise it | :08:49. | :08:53. | |
and spend it and how to spend it effectively and how to manage your | :08:54. | :08:56. | |
economy battered. I think the changes will be good for Wales and | :08:57. | :09:04. | |
accountable government. We can go to our political correspondent. | :09:05. | :09:12. | |
What does this mean for Wales? The debate in the past couple of years | :09:13. | :09:15. | |
has been about Scotland and independence, but, quietly, the | :09:16. | :09:20. | |
Welsh Assembly has added to its powers and already has control of | :09:21. | :09:24. | |
health, education transport and other things. It shifted on, the | :09:25. | :09:30. | |
debate, on how it raises money and how it should be responsible for | :09:31. | :09:35. | |
the money it spends each year. David Cameron and Nick Clegg came | :09:36. | :09:39. | |
to announce that the Welsh Government will have the power to | :09:40. | :09:43. | |
borrow money. They want to build a new motorway, so that is important. | :09:44. | :09:49. | |
And also taking control of stamp duty and other taxes. The most | :09:50. | :09:53. | |
significant is the proposal to take over responsibility for collecting | :09:54. | :09:58. | |
some income tax in Wales. Some politicians are talking about | :09:59. | :10:05. | |
cutting taxes in Wales here. They would have to have a referendum, | :10:06. | :10:09. | |
endorsed by the people first. The Welsh Government is saying, we do | :10:10. | :10:15. | |
not want to take on the power over income tax and the Treasury using | :10:16. | :10:19. | |
it as an excuse to cut funding for the Welsh Government. It sounds | :10:20. | :10:23. | |
like a big headline, but it is not cut and dried yet. Is there | :10:24. | :10:29. | |
correlation between the more powers devolved to Cardiff and the worse | :10:30. | :10:36. | |
the Health and school system gets? This is one of the proposals. If | :10:37. | :10:42. | |
they are not devolved, should it have a knock on effect on the money | :10:43. | :10:48. | |
coming in from the Treasury that stop one argument from David | :10:49. | :10:52. | |
Cameron is that that it is about growing up as a country and taking | :10:53. | :10:56. | |
responsibility for money you spend. There are politics about this | :10:57. | :11:00. | |
because we will hear more about what has happened in Wales in the | :11:01. | :11:06. | |
Scottish referendum campaign. The Unionist side saying you can have | :11:07. | :11:11. | |
more powers without going the whole way and leaving the United Kingdom. | :11:12. | :11:18. | |
In other words, devolution can work. When will England get home rule? | :11:19. | :11:25. | |
Factory, it is hilarious. The idea that Wales is a country no more | :11:26. | :11:32. | |
than England. Of course it is not a country. Check the United Nations. | :11:33. | :11:39. | |
I doubt. It is not a country. It is not a nation state, it is still a | :11:40. | :11:47. | |
country. We are the United Kingdom. We are regions. The idea that | :11:48. | :11:51. | |
something the size of a postage stamp has four administrative | :11:52. | :11:55. | |
bodies is a massive waste of money. The idea that nobody questions it | :11:56. | :12:02. | |
is like a huge elephant in the room. Do you see something that will | :12:03. | :12:06. | |
counteract the complaints we will get from Wales? I do not agree. You | :12:07. | :12:12. | |
can have a conversation as you would in America between federal | :12:13. | :12:17. | |
and state legislation and rights without reference to how large the | :12:18. | :12:24. | |
state is. What you are talking about his self governance. Many | :12:25. | :12:33. | |
people believe that everything you can make at a local level you | :12:34. | :12:40. | |
should make at a local map will. We have county councils. Wales is like | :12:41. | :12:46. | |
a big county council. The more they raise revenue, the more autonomy | :12:47. | :12:50. | |
they can have a good decisions. When you look at what they do, they | :12:51. | :12:54. | |
ring-fence budgets and freeze taxation. The council may have | :12:55. | :12:59. | |
rights on paper, but they have no actual money. Should England have | :13:00. | :13:08. | |
more home rule? From Wales? If Wales can set tax rates and if | :13:09. | :13:16. | |
Scotland can. Scotland has total control of schools and its health | :13:17. | :13:19. | |
system. Should England have the same? They do not interfere with | :13:20. | :13:26. | |
what we do any way. Every Scottish MP can vote on English schools and | :13:27. | :13:33. | |
Scottish schools. You want to hound the Scottish MPs for fun. I was | :13:34. | :13:38. | |
asking a serious question! It is time for the daily quiz. It is ?5. | :13:39. | :13:47. | |
A huge donation for the Poppy Appeal. That has doubled my fee! | :13:48. | :13:54. | |
Wife did the Green Party leader Natalie Bennett give me ?5 | :13:55. | :13:59. | |
yesterday? At the end of the show, our guests will give the correct | :14:00. | :14:08. | |
answer. A new campaign group in favour of change in Britain's | :14:09. | :14:12. | |
relationship with the EU has a survey out. Almost half the | :14:13. | :14:16. | |
business leaders said the cost of complying with single-market | :14:17. | :14:18. | |
regulations outweigh the benefits of being in the European Union. | :14:19. | :14:26. | |
It's part of a growing debate about our membership if the European | :14:27. | :14:29. | |
Union. Here's a reminder of where we are. In January, David Cameron | :14:30. | :14:35. | |
made a keynote speech on in which he pledged an in-out referendum on | :14:36. | :14:41. | |
the UK's membership of the EU. In his speech the Prime Minister said | :14:42. | :14:45. | |
it was time for British people to have their say. Before negotiations | :14:46. | :14:49. | |
can get under way, he has to wait for the European elections. The | :14:50. | :15:00. | |
next important date is the British election on 7th May 1920 15. If | :15:01. | :15:05. | |
there is a Conservative victory, there will be an intense period of | :15:06. | :15:10. | |
renegotiation with the European Union for a new settlement between | :15:11. | :15:12. | |
UK and the European Union. Why would our European partners | :15:13. | :15:40. | |
allow us to essentially do a pick and mix? First of all, I am not sure | :15:41. | :15:45. | |
that is what would be happening, because there is a lot of discontent | :15:46. | :15:49. | |
about what the EU is doing in terms of centralisation, all over Europe. | :15:50. | :15:54. | |
Secondly, I think there is a real danger from the rest of the EU | :15:55. | :15:57. | |
needlepoint if you that if no change is made, and if there is a poll in | :15:58. | :16:02. | |
2017 and beyond, that Britain would leave, and I think a lot of | :16:03. | :16:06. | |
countries in the EU do not want to see that happening. But if this is a | :16:07. | :16:15. | |
unilateral Britain negotiating, and if it becomes a grand plan for | :16:16. | :16:18. | |
reform, in which everybody would be involved, well, firstly, I would | :16:19. | :16:23. | |
suggest to you that there is no consensus about what these reforms | :16:24. | :16:26. | |
would be, and secondly, it would take forever. It would take a | :16:27. | :16:33. | |
decade. I am not sure the EU has got a decade to get all of this done, | :16:34. | :16:36. | |
but there are really serious problems in the Eurozone. Not as | :16:37. | :16:42. | |
serious as they nobody is talking about Greece leaving now. Not at the | :16:43. | :16:47. | |
moment, but only because huge debts have been run up they may well come | :16:48. | :16:53. | |
back to bite everybody belatedly soon. But there will have to be | :16:54. | :16:57. | |
substantive changes in Europe to make the Eurozone viable in the | :16:58. | :17:00. | |
long-term, and that is going to involve considerable changes of all | :17:01. | :17:04. | |
sorts, which provides us I think with an opportunity, for the people | :17:05. | :17:08. | |
not in the euro, to redefine the role we are going to have. Give me a | :17:09. | :17:13. | |
concrete example of how British business would benefit if we were | :17:14. | :17:19. | |
either out of the EU or if they was a major renegotiation and we stayed | :17:20. | :17:23. | |
in, how would we benefit? Well, I think some of the changes which | :17:24. | :17:27. | |
would be made would be ones which are detailed in the report, issues | :17:28. | :17:31. | |
around employment law, health and safety, taxation, all of these other | :17:32. | :17:42. | |
issues which have been raised. I think the real emphasis which comes | :17:43. | :17:46. | |
out of this report is that it is business wants to have these | :17:47. | :17:49. | |
decisions taken in London and not in Brussels, and they do not believe | :17:50. | :17:53. | |
that a one size fits all approach on these issues works well. But | :17:54. | :17:58. | |
overall, is it your view that British business still wants to stay | :17:59. | :18:02. | |
in? I think British business does want to stay in, if they can get | :18:03. | :18:06. | |
changes made along the lines that we propose. Does it want to stay in if | :18:07. | :18:11. | |
all that is on offer is the status quo? I think that would be a much | :18:12. | :18:17. | |
closer call, and it depends a bit on what happens with the Eurozone and | :18:18. | :18:21. | |
the euro over the next few years. But if those who want to see Britain | :18:22. | :18:26. | |
staying in the euro want to support the right course, I think they want | :18:27. | :18:30. | |
to support ours, because they are much more likely to stay in the EU | :18:31. | :18:34. | |
if the changes we advocate are made. What is your take on this, | :18:35. | :18:41. | |
Zoe? I think it hinges on being able to renegotiate with trading | :18:42. | :18:45. | |
partners. A lot of people think it is not that important, because our | :18:46. | :18:49. | |
non-European partners are not buying very much. Resume ugly, one hopes | :18:50. | :18:53. | |
that once the EU recovers, they will buy much more from us. In terms of | :18:54. | :19:02. | |
volume, it is still our biggest... Exactly, and that is not going to | :19:03. | :19:06. | |
change. It is only changing rapidly because the EU is skint, but once | :19:07. | :19:11. | |
they recover, we are not going to replace our EU trading partners with | :19:12. | :19:15. | |
the new countries, not in a million years. The whole thing is an organic | :19:16. | :19:27. | |
process, is it not we can have a pick and mix approach, everybody | :19:28. | :19:30. | |
goes, that is fine, we want to keep you in the EU so much that you can | :19:31. | :19:34. | |
have what you want, and if they did say that, there would be a good case | :19:35. | :19:40. | |
for it, but we do not know. Hold on, Mrs Merkel may well agree to a pick | :19:41. | :19:44. | |
and mix approach, but she is now going to have to form a grand | :19:45. | :19:47. | |
alliance with the social Democrats, and they are against the pick and | :19:48. | :19:53. | |
mix. That is assuming she loses. There is no evidence whatsoever that | :19:54. | :19:58. | |
M Hollande, whose son the ratings are falling by the minute, is going | :19:59. | :20:05. | |
to do Britain any favours at all. And I detecting a certain animosity | :20:06. | :20:10. | |
towards Europe? No, what you detect Israel politic, which is the | :20:11. | :20:16. | |
opposite of the position that our guest is taking, that the Europeans | :20:17. | :20:21. | |
will be in any mood to do us any favours, and why should they? -- | :20:22. | :20:36. | |
realpolitik. Are you talking about the heads of state, the various | :20:37. | :20:39. | |
treasuries within it, the commissioners? Is it the whole | :20:40. | :20:44. | |
immovable system called the EU, or is it individuals within it? The | :20:45. | :20:50. | |
thing is, they do tend to vote as a block, you rarely get a situation | :20:51. | :20:58. | |
where they are split. They might want to say, hello, EU, we have got | :20:59. | :21:03. | |
a new idea, let's give it a go. The logic of a Treasury Minister in | :21:04. | :21:08. | |
France would have to see that. That is right. Also, there are enormous | :21:09. | :21:11. | |
problems going to be created by the rest of the EU if we leave. We pay | :21:12. | :21:16. | |
in net something like ?12 billion per year. Who is going to replace | :21:17. | :21:21. | |
that? But you would want to bring that down, presumably. We would want | :21:22. | :21:28. | |
to bring it down a bit, yes. Here is the irony, that the only way you | :21:29. | :21:32. | |
will get this kind of reorganisation you are talking about is if Mr | :21:33. | :21:35. | |
Cameron wins the next election, and I thought you donate money to the | :21:36. | :21:42. | |
Labour Party? Well, I think there is a feeling across the political | :21:43. | :21:48. | |
spectrum that we want changes. Mr Miliband is not promising to | :21:49. | :21:52. | |
renegotiate anything. Well, I do not think that is entirely true, they | :21:53. | :21:57. | |
want some changes. But not a major renegotiation. The only person | :21:58. | :22:03. | |
promising a renegotiation, and then a referendum, in or out, is David | :22:04. | :22:08. | |
Cameron. I think that so you really need Mr Cameron to win the next | :22:09. | :22:12. | |
election. Well, it is not just Mr Cameron who is saying that we will | :22:13. | :22:16. | |
be having a referendum. You need to prepare the ground. Mr Miliband is | :22:17. | :22:23. | |
not promising one. No, but the Lib Dems are moving a little bit in that | :22:24. | :22:31. | |
direction. Really? I do not know, but I do think that if you want to | :22:32. | :22:36. | |
stay in... It is interesting that if that is your line, it would seem to | :22:37. | :22:40. | |
me that your best chance of getting there is a Tory government. Do you | :22:41. | :22:44. | |
now regret within the Labour Party this donation of shares, which led | :22:45. | :22:49. | |
to the accusations of tax avoidance? Well, there was no tax avoidance at | :22:50. | :22:55. | |
any stage. I said accusations. Well, the I do not regret it at all. | :22:56. | :23:02. | |
Giving them shares, why did you not just give them the dosh? Because I | :23:03. | :23:06. | |
had not got the dosh. Why did you not sell the shares and give them | :23:07. | :23:11. | |
the dosh? I did not want to sell the shares. So why did you not -- so why | :23:12. | :23:18. | |
did you just give them away? You do not pay dividends. Yes, we do. You | :23:19. | :23:25. | |
are a private company. That does not stop us paying dividends. How big is | :23:26. | :23:32. | |
your dividend? It is normally about a third, up to 40%, of the net | :23:33. | :23:39. | |
profit we make. But you measure a dividend by its value to the shares, | :23:40. | :23:43. | |
so, if the Labour Party has got ?1 million worth of shares, what income | :23:44. | :23:47. | |
will it get? It produces about ?8,000 a month. Just about enough to | :23:48. | :23:54. | |
keep Ed Miliband in Boston red Sox shirts. Wine are you giving money to | :23:55. | :24:02. | |
the Labour Party? I have always supported the Labour Party. I think | :24:03. | :24:10. | |
there are loads of people on the left who want to negotiate about the | :24:11. | :24:14. | |
EU. There is nobody who has put it on the table, nobody who has made | :24:15. | :24:22. | |
that statement, but that does not mean it is part of -- it is not part | :24:23. | :24:25. | |
of the discussion. Workers of the world Unite! Go on, | :24:26. | :24:38. | |
you know you want to. Yes, the teachings of Karl Marx have been in | :24:39. | :24:44. | |
the news a fair amount recently, with David Cameron accusing Ed | :24:45. | :24:49. | |
Miliband living on a Marxist planet, after he announced plans to freeze | :24:50. | :24:53. | |
energy prices. So, does Marx have any relevance to the 21st century? | :24:54. | :24:59. | |
In a new Daily Politics series on political thinkers, Giles has been | :25:00. | :25:03. | |
checking out the story of Karl Marx, with an all-time fan, the | :25:04. | :25:06. | |
left-wing columnist Owen Jones. London's trashy, trendy SoHo is not | :25:07. | :25:30. | |
the first place that comes to mind when you think of Karl Marx. He | :25:31. | :25:34. | |
would be very at home here. He was at home here. He lived in this | :25:35. | :25:39. | |
building in the 1850s, and London became the Communist capital of the | :25:40. | :25:42. | |
world. I am off to meet a man who not only thinks Karl Marx is much | :25:43. | :25:46. | |
maligned, but that he is still relevant today. That is quite hard | :25:47. | :25:51. | |
for 21st century society, when the man was waiting here, exiled from | :25:52. | :25:55. | |
Paris, in the 1850s. But my guest wants to drag him from museum relic | :25:56. | :26:00. | |
to modern relevance, via the pub. So, come on, why do you like Marx so | :26:01. | :26:08. | |
much? I could not avoid him growing up. I have got four generations of | :26:09. | :26:12. | |
family who were involved in some sort of radical politics. More than | :26:13. | :26:16. | |
a few copies of Karl Marx were lying around when I was growing up. We are | :26:17. | :26:20. | |
sat opposite the British Museum, where he wrote Das Kapital, but he | :26:21. | :26:28. | |
was often more comfortable sat in the pub. He certainly like to drink, | :26:29. | :26:32. | |
he went on these infamous pub crawls. He is reputed to have | :26:33. | :26:36. | |
smashed a mirror in this very pub with a bar stool. He was chased by | :26:37. | :26:40. | |
police officers because of his drunken antics. That is not what | :26:41. | :26:45. | |
makes me interested in Marx, it is his ideas, and I think a lot of them | :26:46. | :26:49. | |
are still relevant today. One example, alienation, the idea that | :26:50. | :26:52. | |
by working for someone else, you lose control of your own life, your | :26:53. | :26:57. | |
destiny, your humanity. I think today, when you work in a call | :26:58. | :27:00. | |
centre or an office, you could certainly drink to that. As Karl | :27:01. | :27:12. | |
Marx himself would say, prost! Another expert says, like him or | :27:13. | :27:17. | |
loathe him, Marx is a huge figure. Karl Marx is the one who has got an | :27:18. | :27:27. | |
ism, the only person for whom you can be a Marxist. The criticism of | :27:28. | :27:35. | |
him, however, is extensive. Marx is criticised for exactly the reason | :27:36. | :27:39. | |
that his admirers admire him. According to him, it is production | :27:40. | :27:44. | |
which explains everything else and many of his critics say that is just | :27:45. | :27:49. | |
plain wrong. There is another issue, which is that he thought about the | :27:50. | :27:54. | |
role of the Communist Party in a way that, with hindsight, we can see | :27:55. | :28:03. | |
enabled Lenin to develop his idea of the Vanguard Party, which opened up | :28:04. | :28:10. | |
the way to the authoritarian states of the Soviet era. That is clearly | :28:11. | :28:16. | |
something to put to our fan, but not before I have shown him something at | :28:17. | :28:22. | |
the Marx Memorial library. So, for decades after it was first | :28:23. | :28:27. | |
rubbished, this very early edition of the The Communist Manifesto. This | :28:28. | :28:34. | |
was when Engels was still alive, and do not forget, this is the second | :28:35. | :28:39. | |
most read book on earth. But is that not the problem, of all think, he is | :28:40. | :28:44. | |
the one that gets the charge, you are responsible for the death of | :28:45. | :28:47. | |
millions of people. Blaming Marx for the Stalinist totalitarian regimes, | :28:48. | :28:53. | |
which killed millions of people, it is a bit like blaming Jesus for the | :28:54. | :28:57. | |
Crusades. There is nothing in his book whatsoever which backs the | :28:58. | :29:00. | |
Stalinist police state. But there is lots in there about revolution. | :29:01. | :29:05. | |
Absolutely, but do not forget, he is writing at a time when despots | :29:06. | :29:10. | |
dominated the European continent. Even in Britain, there was not | :29:11. | :29:14. | |
universal suffrage, even for men. He later argued that if you had | :29:15. | :29:18. | |
universal suffrage for men, you could have a democratic, peaceful | :29:19. | :29:22. | |
transition to socialism, as it would allow a majority of working people | :29:23. | :29:23. | |
to be elected to Parliament just. Karl Marx's grape is a big monument. | :29:24. | :29:47. | |
Of the jury it was quite small -- his grave. Originally, it was quite | :29:48. | :29:59. | |
small. There he is. What an relevance does Karl Marx have to | :30:00. | :30:05. | |
politics today? Is it over? You would have to be an armed | :30:06. | :30:10. | |
revolution or even on the left to think that he was a prescient bloke. | :30:11. | :30:18. | |
He wrote how capitalism lurched constantly from crisis to crisis. | :30:19. | :30:23. | |
He also predicted capitalism would create a huge working-class and on | :30:24. | :30:27. | |
a global scale, that is what has happened. If you want to understand | :30:28. | :30:32. | |
the world, and you are interested in social justice, you cannot | :30:33. | :30:41. | |
ignore Karl Marx. Owen Jones joins us now. You are a fan of Karl Marx? | :30:42. | :30:56. | |
He was a big influence. Like row -- Ralf Miliband, does that mean you | :30:57. | :31:03. | |
hate Britain?! The Daily Mail, which hates everything about | :31:04. | :31:07. | |
Britain, demonising somebody on the left. Often you have the left | :31:08. | :31:11. | |
construed as the enemy within when the left is about fighting for | :31:12. | :31:18. | |
country which is more equal. That is not hating the country. The | :31:19. | :31:23. | |
British Communists were not that keen to fight for Britain until | :31:24. | :31:37. | |
Nazis had invaded. If you want me to defend Stalinism, you have the | :31:38. | :31:45. | |
wrong person. You said in the film you cannot blame Karl Marx for the | :31:46. | :31:55. | |
gulag. Give me a Marxist state that did not lead to that. It was not | :31:56. | :32:01. | |
about prescriptions and saying this is what socialism would look like. | :32:02. | :32:06. | |
It was an analysis of capitalism. Give me a state that did not lead | :32:07. | :32:12. | |
to terrible loss of life. You had two branches of Marxism. One of | :32:13. | :32:18. | |
them ending up in totalitarianism and starred in. If you look at the | :32:19. | :32:25. | |
German Social Democrats, they themselves are an offshoot of | :32:26. | :32:32. | |
Marxism. In 1958, the Democrats met and repudiated Karl Marx. They | :32:33. | :32:36. | |
presided over a country that became one of the richest in the world. | :32:37. | :32:44. | |
The German Social Democrats were in power longer than that. However | :32:45. | :32:49. | |
they are involved, and it is a crucial point, Marxism is an | :32:50. | :32:54. | |
analysis of capitalism. It did not say what socialism would look like. | :32:55. | :33:01. | |
Name me a Marxist country in the 20th, 21st century, that did not | :33:02. | :33:06. | |
need to a terrible loss of civil liberties, poverty and degradation? | :33:07. | :33:13. | |
As I had said, when you look at European social democracy, the | :33:14. | :33:17. | |
French Socialists, the German Social Democrats, in Spain, the | :33:18. | :33:22. | |
Socialist Workers' Party, those originated from the Marxist | :33:23. | :33:27. | |
tradition. And the modern form of social democracy, even though it | :33:28. | :33:31. | |
has departed from where it began, it traces its origins to Marxism. I | :33:32. | :33:41. | |
was asking for any example. I have given examples. They detested the | :33:42. | :33:51. | |
parliamentary road to socialism. That is a misconception. When they | :33:52. | :33:55. | |
are talking about the revolution they discussed at the time when | :33:56. | :33:59. | |
kings and despots ruled Europe, what Karl Marx said, in the early | :34:00. | :34:13. | |
18th Fifties. -- 1850s. We were not ruled by a despot. Britain was not | :34:14. | :34:18. | |
a democracy then. It excluded working-class people. The point I | :34:19. | :34:25. | |
am making is what Karl Marx said was if you had universal suffrage, | :34:26. | :34:32. | |
instead of armed insurrection, in a country like Britain, as it moved | :34:33. | :34:38. | |
to Universal's up bridge, it would allow the majority of people from | :34:39. | :34:43. | |
working-class Britain to be elected -- universal suffrage. The air must | :34:44. | :34:48. | |
be something wrong with Marxism if everywhere where it has been | :34:49. | :34:55. | |
attempted to implement it, it has ended up with totalitarianism, the | :34:56. | :35:00. | |
loss of democracy. We keep coming back. You will get annoyed because | :35:01. | :35:07. | |
you will find me repetitive. The Soviet totalitarian system... It is | :35:08. | :35:13. | |
not just the Soviet, it is China and Cuba. Venezuela has shades of | :35:14. | :35:20. | |
it. Venezuela is a separate case. The point is that modern social | :35:21. | :35:25. | |
democracy, the lap, in this country, and across Europe, -- if you like. | :35:26. | :35:35. | |
A Social Democrat is about accepting capitalism as the best | :35:36. | :35:43. | |
model that needs to be changed. A society not in the interests of the | :35:44. | :35:48. | |
people at the top, but extending democracy. It is about empowering | :35:49. | :35:54. | |
working people in the broadest sense. Shifting power from those at | :35:55. | :36:06. | |
the top. Are you a Marks is? I would not say I am. I would say I | :36:07. | :36:13. | |
am influenced -- are you a Marxist? I am influenced. I will give you | :36:14. | :36:18. | |
another example. The senior economist at UBS bank, he wrote an | :36:19. | :36:22. | |
article talking about how we need to learn from Karl Marx. You cannot | :36:23. | :36:27. | |
understand the modern world without looking to him. There is something | :36:28. | :36:34. | |
superstitious about the way nobody can hear the word without saying we | :36:35. | :36:39. | |
will be Communists, we are going to die! The millions of Russians and | :36:40. | :36:45. | |
Chinese that turned out to be true. You have not had to live in these | :36:46. | :36:50. | |
societies. You asked me what I thought and you talk to the me. -- | :36:51. | :37:00. | |
talked over me. This man was an economist. He told the world what | :37:01. | :37:05. | |
was going wrong with capitalism. He told the world right on many issues. | :37:06. | :37:12. | |
The fact that some people use his name to start revolutions that | :37:13. | :37:17. | |
resulted in comm Estates is nothing to do with Karl Marx. East Germany, | :37:18. | :37:23. | |
the Democratic Republic, would we ever argue... Good Marxism and bad | :37:24. | :37:31. | |
Marxism, a narrative forced... It is crazy. Surely the lesson is that | :37:32. | :37:37. | |
if you tinker with left-wing politics, that is where you end up? | :37:38. | :37:43. | |
The lesson is not if you go near Karl Marx, we will end up in a | :37:44. | :37:54. | |
gulag. Read it, find out if it is true, and if you find something, | :37:55. | :37:59. | |
take it seriously. You keep saying he was right. He predicted the | :38:00. | :38:04. | |
collapse of capitalism. The last time I looked, cap and it -- | :38:05. | :38:13. | |
capitalism... It you look at the process where he predicted the end | :38:14. | :38:18. | |
of capitalism, he was talking about cannibalistic capitalism, so | :38:19. | :38:22. | |
rapacious it closed down competition between itself and you | :38:23. | :38:26. | |
ended up with large corporations running everything. It you see | :38:27. | :38:29. | |
something like the energy markets and the public markets, it is | :38:30. | :38:39. | |
happening in front of us. We have run out of time. His Ed Miliband a | :38:40. | :38:46. | |
Marxist? I do not think any... Well, the Daily Mail. It is interesting, | :38:47. | :38:55. | |
the rhetoric, if you want a fairer society and you want working people | :38:56. | :39:00. | |
to have wealth and power, you are a frothing at the mouth, a guest. I | :39:01. | :39:07. | |
am a democratic socialist who wants a society where wealth and power is | :39:08. | :39:18. | |
distributed -- -- Marxist. If you understand it, people are looking | :39:19. | :39:28. | |
to Karl Marx. And you cannot get rid of it. You are a failure at | :39:29. | :39:34. | |
giving us a better system. We are waiting for the Utopia. The | :39:35. | :39:40. | |
argument that left have to come up with is a coherent alternative that | :39:41. | :39:48. | |
resonates with people. We gave you the airwaves to do it today. We | :39:49. | :39:52. | |
have been talking about Karl Marx and the Soviet Union for most of it, | :39:53. | :40:01. | |
but fair enough. I found that... Never mind. We will be looking at | :40:02. | :40:06. | |
political thinkers ranging from Edmund Burke to Thomas Paine. The | :40:07. | :40:15. | |
Trans Atlantic row over States by none civilians took a new turn with | :40:16. | :40:19. | |
John Kerry saying that in some cases you are -- US buying has gone | :40:20. | :40:34. | |
too far. -- US spying. We are in danger of sleep walking. It is not | :40:35. | :40:41. | |
planned, it is not the actions of benevolent individuals, it is the | :40:42. | :40:44. | |
trend of what will happen if nothing is done to stop it. The | :40:45. | :40:48. | |
definitions of war and peace are no longer the same and the enemies of | :40:49. | :40:55. | |
faces, it can be argued. That argument is one that prime | :40:56. | :40:58. | |
ministers and Home Secretaries have put. If we shake up the law in | :40:59. | :41:02. | |
response to this fear, chipping away at liberty and privacy, they | :41:03. | :41:09. | |
have won. Every operation that has foiled a terrorist plot in this | :41:10. | :41:13. | |
country has been dependent upon communications data over the past | :41:14. | :41:17. | |
decade and it is essential for the agencies to have those powers. UK | :41:18. | :41:23. | |
surveillance over citizens has increased exponentially. The legal | :41:24. | :41:30. | |
basis has sometimes appeared strained. At best, oversight is | :41:31. | :41:35. | |
frayed. Legitimate debate is at risk of being drowned out by | :41:36. | :41:41. | |
assertions of national security. Spying is dangerous. It is about | :41:42. | :41:48. | |
risk. Our men and women put their lives at risk to protect Britain. | :41:49. | :41:54. | |
There is a downside of getting it wrong. If you do, people die. The | :41:55. | :42:00. | |
this is the secret state laid bare. The Government acting without the | :42:01. | :42:04. | |
knowledge or permission of citizens, a breach of the moral and legal | :42:05. | :42:11. | |
rights of individuals. Just like when they take away the votes of | :42:12. | :42:16. | |
the misguided, but common good is not a defence. Our basic rights as | :42:17. | :42:27. | |
individuals have to be sacrosanct. We have been joined by the | :42:28. | :42:31. | |
Conservative MP who spoke in that debate. You say the surveillance | :42:32. | :42:36. | |
has grown exponentially. What is the evidence? Reports show that. | :42:37. | :42:43. | |
You have raw numbers. It is difficult to delve down into them. | :42:44. | :42:47. | |
I do not have the numbers to hand, but there has been an increase, for | :42:48. | :42:52. | |
example, in the interception of communications data and wide use of | :42:53. | :43:03. | |
surveillance. We do not have a huge amount of data. The annual report | :43:04. | :43:12. | |
showed it has increased. Do you think telephone calls are being | :43:13. | :43:16. | |
monitored? Is it depends what you mean, they look at what is called | :43:17. | :43:24. | |
the envelope. If you trawl back over a long period, and you can | :43:25. | :43:29. | |
develop a close picture of what people are doing. And the | :43:30. | :43:33. | |
distinction drawn between the envelope and content. It breaks | :43:34. | :43:39. | |
down quite quickly. How many people does GCHQ employee? Many hundreds. | :43:40. | :43:47. | |
5000. But even 5000 could not keep tabs on every telephone call. This | :43:48. | :43:55. | |
is an Aunt Sally. There is no doubt the scope of surveillance has | :43:56. | :44:00. | |
increased. Do we know what they are doing? Do we have proper oversight? | :44:01. | :44:06. | |
These are questions the Secretary of State in the US is asking, John | :44:07. | :44:18. | |
Kerry. We had a good debate, but we will have to see a closer scrutiny | :44:19. | :44:26. | |
Opel what is going on. -- scrutiny over what is going on. Then reason | :44:27. | :44:31. | |
why it's certain types of surveillance have increased is | :44:32. | :44:34. | |
because the nature of terrorism has changed. It does not involve people | :44:35. | :44:39. | |
flying planes into buildings any more, coming from Saudi Arabia, it | :44:40. | :44:45. | |
involves people in this country, communicating with each other to | :44:46. | :44:52. | |
plan to kill. That is why these are Bateman's, I would suggest, has | :44:53. | :44:57. | |
grown. I suspect the nature of terrorism has not changed, but the | :44:58. | :45:00. | |
nature of communication. There is no doubt they should have | :45:01. | :45:15. | |
the powers to pursue that, although quite what the safeguards should | :45:16. | :45:18. | |
be, that is another question. But we want to make sure that we have got a | :45:19. | :45:22. | |
rough idea of what they are doing. We want to make sure the legal | :45:23. | :45:29. | |
position is protected. If you believe in democracy and the rule of | :45:30. | :45:32. | |
law, and at the same time you want to pursue national security, it | :45:33. | :45:38. | |
cannot be healthy. Is it your view that Parliament oversight is too | :45:39. | :45:40. | |
weak and should be strengthened? Yes. I think Sir Malcolm Rifkind and | :45:41. | :45:46. | |
the IOC do a reasonable job, I have no doubt about their individual | :45:47. | :45:53. | |
capacity, but I think the Intelligence And Security Committee | :45:54. | :45:56. | |
needs to be made of it more independent, like they have in the | :45:57. | :46:01. | |
US. Although in the US, they did not produce any better results than in | :46:02. | :46:05. | |
Britain, they were not monitoring what their own intelligence services | :46:06. | :46:09. | |
were up to. Well think if you look over the years, it has produced a | :46:10. | :46:12. | |
bit more transparency. Across the board in Congress, and from the | :46:13. | :46:16. | |
Secretary of State, we are hearing from them, we are going to act. I | :46:17. | :46:22. | |
think this committee needs to be a proper committee of Parliament, and | :46:23. | :46:25. | |
accountable to Parliament. The tweaks that need to be done | :46:26. | :46:30. | |
relatively small, to make that work more effectively. What do you say? I | :46:31. | :46:37. | |
spoke to someone, I do not know whether you would call her a spook, | :46:38. | :46:41. | |
somebody who formerly worked in one area of intelligence, who said, a | :46:42. | :46:47. | |
lot of this, as bad as it is, and we have heard about governments doing | :46:48. | :46:51. | |
things without the permission of the citizens, a lot of this is the | :46:52. | :46:54. | |
vanity project of the different head honchos who sit there in the | :46:55. | :46:59. | |
intelligence services. The idea that the Prime Minister is saying, spy on | :47:00. | :47:04. | |
Merkel, it is just nonsense. Most of the time, it is just because they | :47:05. | :47:08. | |
are able to, because they are allowed to, and they have the | :47:09. | :47:12. | |
technology, so, give it a go. They may need it, they might not. But | :47:13. | :47:18. | |
surely there is a widespread view that American intelligence is just | :47:19. | :47:21. | |
off the reservation, and it seems to be on the rampage. But I think it is | :47:22. | :47:31. | |
because they can do it, as distinct from looking for a specific story. | :47:32. | :47:34. | |
What are they going to find on Angela Merkel's phone, for goodness | :47:35. | :47:39. | |
sake of she is the Chancellor of the most powerful country in Europe. I | :47:40. | :47:43. | |
do not think she is going to be leaving voice mails. This is absurd, | :47:44. | :47:57. | |
it is absolutely absurd. I care a lot less about foreign leaders | :47:58. | :48:01. | |
surveilling themselves, and more about Big Brother looking at | :48:02. | :48:04. | |
innocent British citizens. The point is that even if the surveillance is | :48:05. | :48:08. | |
done almost inadvertently, because they can, and you do it on such a | :48:09. | :48:13. | |
scale, and there are so many contractors, thousands having access | :48:14. | :48:16. | |
to it, it actually ends up making us more vulnerable. And I do not think | :48:17. | :48:21. | |
it helps the cause of the agencies. There is one other point, but if you | :48:22. | :48:27. | |
think of all of this controversy around national security | :48:28. | :48:29. | |
surveillance, what do you think about the snooper's charter, which | :48:30. | :48:33. | |
was proposed, to extended to town halls and quangos? I hope that one | :48:34. | :48:38. | |
effect of this will be to cut off at the legs the idea of increasing even | :48:39. | :48:42. | |
further that kind of surveillance. England's football clubs have | :48:43. | :48:47. | |
revenues of more than ?3 billion a year, with much of it coming from | :48:48. | :48:52. | |
football fans paying for tickets, TV subscriptions and merchandising. But | :48:53. | :48:54. | |
there is a growing mood among fans that they have been taken for | :48:55. | :48:58. | |
granted, and they want more say over how the clubs are run. It has been | :48:59. | :49:03. | |
on the minds of politicians as well. Mark Denten reports. It is a damp | :49:04. | :49:08. | |
evening, but this club are going through their paces in training. It | :49:09. | :49:11. | |
is what happens off the pitch which is really interesting, because this | :49:12. | :49:14. | |
is a place where fans really have their say. We have our annual | :49:15. | :49:19. | |
general meeting, where the fans can turn up, the chairman, all of the | :49:20. | :49:24. | |
roles are voted on. It is up to the fans. If you have done a good job, | :49:25. | :49:32. | |
you stay. If you have not, you can be voted out as easy as that. 50 | :49:33. | :49:37. | |
miles away, nine levels up the football ladder, a rather different | :49:38. | :49:42. | |
mood. There have been a series of protests by Newcastle United fans | :49:43. | :49:46. | |
against the club's owner. Just outside St James' Park, in this pub, | :49:47. | :49:49. | |
you will not struggle to find frustrated fans. The board have | :49:50. | :49:55. | |
never taken our support seriously. It is almost as if the fans have | :49:56. | :50:00. | |
supported the club despite what has gone on at board level. Newcastle in | :50:01. | :50:07. | |
my it is a one club city. In recent years particularly, the club has | :50:08. | :50:12. | |
been disengaged from the people who put money into the club. I want a | :50:13. | :50:17. | |
fan member on the board, I think that would be enormously important. | :50:18. | :50:23. | |
It would make a big difference to the football club and it might stop | :50:24. | :50:27. | |
the football club making PR disasters as frequently as they do. | :50:28. | :50:31. | |
Just a few months ago, the Government said it wanted to bring | :50:32. | :50:35. | |
in a law as soon as possible to give fans a bigger say in the running of | :50:36. | :50:39. | |
football clubs. But we have learned that idea has now been shelved. It | :50:40. | :50:44. | |
seems there is not enough time in the Parliamentary schedule - no | :50:45. | :50:49. | |
option for extra time for a foot or fans law. But people over there want | :50:50. | :50:57. | |
action. -- a football fans' law. At this Business School, there is a | :50:58. | :51:00. | |
conference organised by the supporters trust at Newcastle. It is | :51:01. | :51:07. | |
just unfair to raise expectations, to go with what appears to be a | :51:08. | :51:11. | |
populist idea, and then simply to say, we do not have time now, we are | :51:12. | :51:16. | |
not going to do this. It helps them to appear to be part of the people | :51:17. | :51:20. | |
they represent, but it is just not high enough up on their agenda, | :51:21. | :51:26. | |
which is disappointing. They do things these fans have a big say in | :51:27. | :51:30. | |
the running of their club. In fact, there is a national and on anyone | :51:31. | :51:34. | |
owning more than half a football club. In Germany, traditionally, all | :51:35. | :51:40. | |
clubs are member owned. That means we, the members, the club belongs to | :51:41. | :51:46. | |
us. For example, at the AGM, we have the right to change the club | :51:47. | :51:50. | |
statute. If you are a member, you really feel the club belongs to you. | :51:51. | :51:54. | |
You are not just a fan, you are a lot more. It is our club, instead of | :51:55. | :51:59. | |
something you just support. Grassroots football, the players | :52:00. | :52:02. | |
show their skills but it is the fans that call the shots. It is the kind | :52:03. | :52:08. | |
of thing supporters at top clubs can only dream of. It is the way English | :52:09. | :52:12. | |
football works these days, and tackling it would be a challenge. We | :52:13. | :52:16. | |
asked the Premier League and the Football League for an interview, | :52:17. | :52:23. | |
but they both declined. The Government's sports Minister also | :52:24. | :52:26. | |
declined. We are joined by the Labour MPm Thomas, who did not | :52:27. | :52:33. | |
decline. Don't you think politicians have more to worry about than | :52:34. | :52:38. | |
football? I think we do, but I think there are football clubs across the | :52:39. | :52:42. | |
country which are hugely important in the lives of their fans and | :52:43. | :52:49. | |
communities up and down the UK. I think the number of clubs where fans | :52:50. | :52:52. | |
are saying, we want to have more of a say in the running of our club, | :52:53. | :52:57. | |
the numbers of clubs which have got into financial trouble, suggests | :52:58. | :53:01. | |
that with the Premier League and the Football League not being willing to | :53:02. | :53:03. | |
act, then the Government should be willing to act to give for the oil | :53:04. | :53:07. | |
fans more of a say. Is that not a matter between the fans and their | :53:08. | :53:13. | |
club? Well, it is, but at the moment, the odds are stacked against | :53:14. | :53:17. | |
the football fans being able to get a say in the running of their club, | :53:18. | :53:21. | |
unless the club gets into financial trouble. The reason we need | :53:22. | :53:26. | |
government to act is because then, you have the chance of the playing | :53:27. | :53:30. | |
field being levelled up, and fans being given more of a right perhaps | :53:31. | :53:34. | |
to send a representative along to board meetings, perhaps to have much | :53:35. | :53:38. | |
more information about the way in which their club is run. That is | :53:39. | :53:42. | |
surely not too much to ask and would not take too much Parliamentary time | :53:43. | :53:46. | |
to deliver. If fans should in your view have this power, why shouldn't | :53:47. | :53:51. | |
workers have the right to be on the boards of the companies they work | :53:52. | :53:54. | |
for? Well, in some countries, that is the case. I belong to the | :53:55. | :54:00. | |
co-operative party, and we think that people should have more ability | :54:01. | :54:03. | |
and support to cooperate in the running of enterprises. It just | :54:04. | :54:08. | |
seems to pick on foot hole, which, at the end of the day, is just a | :54:09. | :54:13. | |
sport. Whereas if this is an important principle, of consumers | :54:14. | :54:18. | |
and workers being involved, then should they not be playing a much | :54:19. | :54:21. | |
bigger role in the running of our companies? Why is it not right for | :54:22. | :54:28. | |
the people who work for British Telecom or Vodafone or Tata Steel? | :54:29. | :54:34. | |
Used the example in your package of Germany. In Germany, for example, | :54:35. | :54:38. | |
much of the energy supply increasingly is delivered right | :54:39. | :54:43. | |
energy cooperatives, individual people combining, pulling resources, | :54:44. | :54:46. | |
to produce energy. We know it works in Germany, both in foot and in | :54:47. | :54:51. | |
energy and in other ways. Why can't we have more of those types of | :54:52. | :54:58. | |
models in the UK? But where would it leave a company, and I say company | :54:59. | :55:04. | |
advisedly, like Manchester United? It is a multi-billion pound empire, | :55:05. | :55:08. | |
so how would it work? It seems to me there is nothing wrong with the idea | :55:09. | :55:13. | |
of one of Manchester United's fans being elected by their supporters | :55:14. | :55:21. | |
trust, and Manchester United has the biggest such trust in the country, | :55:22. | :55:25. | |
being elected to sit on their board. So, you have got one guy | :55:26. | :55:30. | |
sitting on this board full of Arab sheiks and American businessmen and | :55:31. | :55:34. | |
sponsors and all the rest of it, property developers, and you have | :55:35. | :55:38. | |
got this one we chuck on his own... It does not sound fair! There is | :55:39. | :55:43. | |
always a risk of somebody going native in that sense. But if you are | :55:44. | :55:48. | |
answerable to all of the other fans through the trust, your | :55:49. | :55:58. | |
accountability is different. I am very interested that you would raise | :55:59. | :56:01. | |
the example of Manchester United, because it is the key of everything | :56:02. | :56:05. | |
that has gone wrong in foot all. The Glazer family come in, they did not | :56:06. | :56:08. | |
have the money to buy it, they borrowed the money, and in order to | :56:09. | :56:12. | |
pay back the money, they screwed the fans for all they are worth. You say | :56:13. | :56:19. | |
it is just sport, it is only foot all, but what you are talking about | :56:20. | :56:22. | |
is a massive thing which people care deeply about, which is a huge binder | :56:23. | :56:27. | |
of communities, which is a huge pride and joy, and big corporations | :56:28. | :56:33. | |
come in and sting the people for everything they have got it is | :56:34. | :56:40. | |
terrible. I love the idea that Labour are going to come in and give | :56:41. | :56:44. | |
us free energy, and a free football club as well. How generous! Thank | :56:45. | :56:50. | |
you for your advice, but... We have run out of time. I mentioned | :56:51. | :56:56. | |
Manchester United because it is the only football team I have heard of. | :56:57. | :57:08. | |
Now, The Week In 60 Seconds. High noon for the dirty half-dozen, with | :57:09. | :57:12. | |
MPs gunning for the big six energy firms at a select committee hearing. | :57:13. | :57:20. | |
And the heat is on at the Old Bailey. David Cameron's former spin | :57:21. | :57:25. | |
doctor Andy Coulson and seven former colleagues are in the dock over | :57:26. | :57:28. | |
allegations of phone hacking. They deny the charges. High Speed 2 | :57:29. | :57:36. | |
trundled onwards, with APs MPs voting to start spending money on | :57:37. | :57:40. | |
the project. We had the news that two thirds of the text received in | :57:41. | :57:47. | |
this campaign were fake. The vans themselves have been sent home. And | :57:48. | :57:56. | |
he really is Red Ed, at least when it comes to the Boston red Sox. He | :57:57. | :57:59. | |
was up all night watching his favourite baseball team and treating | :58:00. | :58:03. | |
his delight at their victory in the World Series. | :58:04. | :58:13. | |
All these politicians, they talk about football because they think it | :58:14. | :58:20. | |
links them to the people. Even people who went to public school and | :58:21. | :58:23. | |
never touched a football. There is Ed Miliband doing something which, | :58:24. | :58:27. | |
there is no votes in it, I thought it was rather endearing. He loves | :58:28. | :58:32. | |
baseball, so he stayed up all night to watch the red Sox. There are no | :58:33. | :58:36. | |
votes in it on paper, because none of us are red Sox fans, but it is an | :58:37. | :58:42. | |
identity builder. It is, I may seem a bit geeky, and IM, but I am also a | :58:43. | :58:49. | |
bit like you, because I stay up all night. He is looking for a | :58:50. | :58:58. | |
personality, isn't he? He knows a lot about it. I thought it was very | :58:59. | :59:02. | |
human of him. Time to find the answer to the quiz, and the question | :59:03. | :59:09. | |
was, why did the Green Party leader Natalie Bennett give me five quid? | :59:10. | :59:15. | |
Because she offered to pay your next month's gas bill? No, it is because | :59:16. | :59:24. | |
she bet me that UKIP would have more councillors than the Green Party, or | :59:25. | :59:28. | |
the other way around. Thank you to all of my guests. I will be back on | :59:29. | :59:33. | |
Sunday with The Sunday Politics. My guests will include Len McCluskey | :59:34. | :59:39. | |
and the Secretary-General of the Muslim Council of Britain. Bye-bye. | :59:40. | :59:44. |