{"id":762027,"date":"2022-07-27T09:57:23","date_gmt":"2022-07-27T09:57:23","guid":{"rendered":"https:\/\/jacobin.com\/2022\/07\/tory-leadership-conservative-party-rishi-sunak-liz-truss-johnson-uk-elections\/"},"modified":"2022-07-27T09:57:23","modified_gmt":"2022-07-27T09:57:23","slug":"the-tory-leadership-contest-shows-that-the-conservative-party-is-all-out-of-ideas","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2022\/07\/27\/the-tory-leadership-contest-shows-that-the-conservative-party-is-all-out-of-ideas\/","title":{"rendered":"The Tory Leadership Contest Shows That the Conservative Party Is All Out of Ideas"},"content":{"rendered":"\n \n\n\n\n

Rishi Sunak and Liz Truss are vying to become the fourth Conservative leader since 2016. Neither candidate has any real answers to Britain\u2019s problems \u2014 or even the dilemmas facing their own party.<\/h3>\n\n\n
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\n Liz Truss and Rishi Sunak before taking part in the BBC Tory leadership debate live on July 25, 2022. (Jacob King \/ PA Wire via Getty Images)\n <\/figcaption> \n<\/figure>\n\n\n\n\n \n

This summer, Conservative Party members will choose the next leader of their party from two candidates: the former chancellor, Rishi Sunak, or the current foreign secretary, Liz Truss. Whoever prevails will become the fourth Tory prime minister in six years. We have not seen this kind of leadership turnover in a governing party since the late 1820s, prior to the foundation of the modern Conservatives.<\/p>\n

The immediate cause of Boris Johnson\u2019s career as prime minister may have been his brash, lazy, and reckless approach to the job. Yet there is a deeper crisis eating away at the Tories that underpins these successive changes of personnel, one where the party is in tension with the general commercial interests of British capital.<\/p>\n\n \n\n \n \n \n

The Road From Bruges<\/h2>\n \n

Since the UK joined the European Economic Community (EEC), the forerunner of the European Union, in 1973, there has always been a section of British business skeptical of European integration if not outright hostile to it. This sentiment has tended to be centered on the City of London, Britain\u2019s financial center, which the Tories and (to some extent) Labour have long regarded as sacrosanct.<\/p>\n

The City is significant not only for its tax revenues. As a world-leading center of finance and commercial capital, it helped ensure the UK retained a pivotal role in the global economy after the demise of the British Empire. A significant but minority fraction of British capital and the ruling class it supports had a key interest in its continued health. This set Britain apart from the other states of Western Europe, particularly France and (West) Germany, whose economic models were more rooted in state-directed industrial development.<\/p>\n

Where there are sunk interests, there are decisions to be made about what best serves them. We have often seen such debates reflected in the ranks of the Tories, the traditional party of British capital (especially so after the eclipse of the Liberals by Labour in the early twentieth century). The outsized importance of the City means that its concerns filter through into the official politics of the British bourgeoisie.<\/p>\n