Much will depend on the directions in which it is developed, and whether Labour embraces a weak or a radical version of the politics
of predistribution.
It may not have the snappiest name, but the idea
of predistribution is a potentially powerful one.
Miliband worked closely with the think tank Policy Network on the concept
of predistribution as a means to tackle what he described as «the growing crisis in living standards».
Not exact matches
For example, the focus on the distribution and control
of assets might have suggestive connections with Labour's current interest in «
predistribution».
The focus
of «
predistribution «is that governments need to create more equal outcomes even before collecting taxes and redistributing them as benefits.
The latest «big idea»
of» «
predistribution» (engineering markets to create fairer outcomes so much so that the need for redistribution is diminished) comes from Jacob Hacker.
For Miliband's twin core - concepts
of «
predistribution» and «responsible capitalism» to translate into a «moral economy», he needs to treat the gurus and their ideas seriously to allow for coherent and successful translation from abstract concepts to practical policy.
Take note: deficit reduction,
predistribution, etc, aren't good ways
of talking about how much money people have each month or what the prospects for their kids will be in five years» time.