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Written by: Kamran Mofid

Published: 03 May 2025

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N.B. This article was first published under the title of ‘A Note of Warning to Rachel Reeves and her Grow Baby Grow: A la Liz la-la-land Growth is a Path to Nowhere!’ on 15 March 2025. It was then updated with this new title on 3 May 2025 after the local elections on 1 May 2025 

 ​Gimmick Economics humiliated the Tories and brought about Brexit.

Gimmick Economics humiliated and demolished the Trump-lite Democrats.

Be Warned Labour! You too, will face the same if you remain Farage-lite.

A Local Election Victory, a protest vote, based on anger, disenchantment, frustration, hopelessness, disaffection, and a profound sense of injustice in the government's economic policy.

Labour must find its soul, heart and spirit again by taking action in the interest of the common good, to discover what it means to be human. Carpe diem

Pensioners and campaigners demonstrate outside parliament in October last year. 

Photograph: Wiktor Szymanowicz/The Guardian

The Local Elections Results and the shaming of the main political parties are the manifestation of a broken economic model,  broken promises and broken trust; about failing public services and rising household bills. It is about loss of values, the privatisation of humanity, kindness, compassion and dignity. It is about the rise of arrogance and self-pompesity, indifference, greed and corruption. This was exactly the same when the same voters vented their anger and voted for Brexit, lest we forget.

A timeless reminder to the Labour Party that once upon a time believed in these values too:

"Today’s huge controversy which surrounds much of the economic activity and the business world is because they do not adequately and appropriately address the needs of the global collective and the powerless, marginalized, and excluded. This, surely, in the interest of all, has to change...a revolution in values is needed, which demands that economics and business must embrace both material and spiritual values.”- Kamran Mofid

A Must-read for the Labour Party:

Economics and What it Means to Be Human

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Written by: Kamran Mofid

Published: 29 April 2025

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First published on 9 April 2025

Illustration by James Ferguson/Via Financial Times 

British prime minister, Sir Keir Starmer declares ‘the end of globalisation and admits it has failed the public’- The Independent, 6 April 2025

"Globalisation as we've known it for the last couple of decades has come to an end," British Treasury minister,  Darren Jones, remarked in a BBC interview on 6 April 2025

Here, we must also recall the prophetic words of Thomas Piketty, the distinguished French economist who around nine years ago drew the world’s attention by saying to us: ‘We must rethink globalization, or Trumpism will prevail.’ At the time of Trump’s first election win in 2016 Piketty noted that ‘Rising inequality is largely to blame for this electoral upset. Continuing with business as usual is not an option.’

Similarly, we must remember the wise and timeless world of the great 19th-century designer William Morris : “Have nothing in your house that you do not know to be useful, or believe to be beautiful.”

And now, we are paying a heavy and painful price for failing to heed their calls. Our homes and our lives are full of cheap, useless and irrelevant junks, bought mainly on credit, whilst we all have become poorer and unequal than ever before.

‘Economic inequality breeds resentment and a desire to get even. That’s what fuels support for even incompetent regimes.’

Why? I believe part of the answer lies in a fundamental aspect of our humanity: the urge to destroy that from which you feel excluded.

At this moment in time, the Biggest Question of them all must be: Then, What next? 

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