One of the crucial problems we have as a party is that we have brought our leadership in from much too narrow a group. Basically Oxbridge graduates, in particular economics graduates, politics graduates, social scientists and lawyers. We need to reconnect to working-class communities, we have to reconnect to ethnic minority communities and bring up real leaders from within the people we represent.

I was involved with organising migrant worker nannies, domestic workers, in New York State with the IAF. We flew them to a hotel, got them together, and got them to talk to each other about what their issues were. What was incredible was that out of those 300 nannies all of them were prepared to pay a not insubstantial part of their wages to join a union that could articulate their concerns. They were getting sexual harassment, exploitation. It only grew out of them meeting each other, they had to have that initial investment to get them together. They came from all over the world but what they found when they got together was they had the same issues. If people knew you could join a union, get on, and protect each other it would be transformative – we’ve got to find a way, to put it bluntly, of supporting good work. There needs to be a complete transformation of the language and agenda of unions.

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I am working with Unite in Salford to set up the Bank of Salford. It is going well. They have consolidated the credit unions, put money in, the city council will put their pay roll through it to stabilise the asset, the government are supporting it with advice and lowering entry requirements to become a bank that can lend to businesses as well as families. It will be bounded within Salford, there will be local residents on the board as well as institutions, but Unite cannot do it on their own. There needs to be a partnership between the Church and labour that can put some constraint on capital without relying on the state. Relational accountability and democratic governance are key to this. That is how the old bones will walk again, by renewing a commitment to the common good in action. It’s a great thing to do.

What did I think about Brown? I’ve said before, I don’t like his kind of politics. I didn’t really meet him properly but I identify him with state, state-ism, with simultaneously high morals and low cynicism. I never identified with that kind of politics. The last gasps of this idea that through the state you can transform society but how that then automatically leads to a dependence on finance to fund it. I don’t think Gordon Brown redistributed power to people.

Cameron made the Hugo Young speech, where he claimed the co-operative movement, building societies, the mutuals, the early trade unions for the Conservatives, and we were completely silent. That's linked to the excessive statism of Brown. We had to reclaim Labour history. It was also a way of talking about capitalism again, and resistance to capitalism. And working [in London Citizens] with low-paid people, most of whom were women, had reminded me of their concern for their parents and their children, and their commitment to work and not wanting to be on welfare.

Labour freed up enormous amounts of money for third sector initiatives, which was magnificent. But it also became too statist. Charities became very reliant on state funding to pursue their agendas, so charities became distant from local communities. Despite all the funding, there was no transformation of the lives of excluded poor people. The greatest gift of the big society will be the renewal of the Labour Party. If it takes civil society and people power seriously, and listens to people who have a following in their own communities, it will find that it has reconnected with its own political traditions.

The story of the Northern Counties Building Society is instructive. Established in 1850 in the North East by dispossessed workers who pooled their funds to retrieve a home in the world it grew steadily over the years. It was part of the local economy and society, that most precious civic inheritance, a trusted financial institution. In 1965 it merged with another local institution, the Rock Building Society to become Northern Rock Building Society. It demutualised in 1997 and became Northern Rock, which sponsored Newcastle United and became the fifth biggest lender in the UK market. An institution that was founded by local people for local people and had partnered its region in good times and bad for a hundred and forty seven years, that had weathered four serious depressions and emerged stronger from each could not last through New Labour’s period in Government.

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Unfortunately, the comments were misconstrued. I was saying that we needed to speak to the supporters of the EDL, not, as some people made out, that we should speak to the EDL itself. The idea that we should speak to upset, angry and dispossessed people, to try build a better life together, must be addressed and historically the Labour movement has been the vehicle to do this. It is a broad-based approach. Where there are mass outpourings of discontent, you have two choices, either you demonise them or you break them.

It is perhaps a redeeming feature of the year that celebrity endorsements may be seen as the kiss of death to any political campaigning. The unanimous acclamation of Clinton by the famous and the lovey chorus for Remain were to no avail. It is better to build relationships and do politics with the poor rather than the rich.

The challenge for Labour is that there’s huge support for working class, from mining communities, from northern working class communities for UKIP, which wouldn’t be the case if they were a straightforward Thatcherite party. So an ability to engage with the rage and dispossession people feel is absolutely necessary for constructive politics. And how do you build a common good between locals and immigrants? How do you build a common good between north and south, between the small towns and cities? We’re not thinking of the levels of abandonment that people feel, and UKIP express that.

The institutional settlement of post-war West Germany has endured because it generated value. They retained pre-modern artisan organisations and turned them into the foundation of their contemporary economic success. They entangled and constrained capital in a myriad form of national, sectoral and localised arrangements and they emerge from the crash, virtually alone, with a productive economy and a functioning democracy, with greater equality than us and more meaningful work.

Over a period of 500 years the City has supported deregulation at every turn. The consequences of this are massive. You had fraudulent products – the cause of the crash – debt being repackaged as an asset and then being used as leverage. The assets they held and credit they generated were on a ratio of 50-1. There was no effective regulation of this, no effective oversight. They have been exposed by the bailout. They have refused more than ten years of requests from us [London Citizens UK organisation] and suddenly they agree to meet. I think they are concerned that the political parties will move to a more manufacturing, less financially-based economy.

Labour has always been a coalition between workerist and progressive elements, liberals and conservatives, mediated by socialism. It was held together by the belief that we are social beings who resist the domination of capital through democracy; and by the refusal to accept that human beings are a commodity or that our inheritance is exclusively monetary.

Old Labour’s international solidarity did not require the abandonment of the national democratic inheritance. But today’s left-liberals simply do not understand the traditional commitment to earning and belonging. This puts them at odds with how people understand themselves. We are beings with a tendency to attachment; in order to be open to the environment our bodies must also be closed; and in physics, atoms have a tendency to cluster. And yet in politics an ultra-liberal ideal developed that belonging, attachment and sociability, reinforced by institutions, should be replaced by the almost unmediated movement of people through space.

The last thing I watched on telly with my mother, she died in very late 2008 in the middle of the financial crash, was Gordon Brown saying that it was the destiny of the Labour movement to save the global banking system. And that statement –‘the destiny of the Labour movement to save the global banking system’… I looked to my mum and the last movement she made, really, was to shake her head. You know, it may be the fate of the Labour movement but it can’t be its destiny, that’s just crazy. She just looked bewildered by that.