New Labour's knowledge economy folly

June 10 2009
By John Hudson

The significance of the knowledge economy to the New Labour agenda should not be underestimated. If we rewind back to the moment Blair was elected as Labour leader in 1994, the lack of a coherent economic strategy for New Labour is, in retrospect, striking. Old style socialism was symbolically banished with the amendment of Clause IV, but early candidates for an al…