The Labour Party is a centre-left political party in the United Kingdom, and one of the two main British political parties along with the Conservative Party. Old labour were a socialist party, Old Labour, the traditional socialist representation of the labour party, presented many socialist views, these included the cradle-to-grave care, welfare and social justice. They also opposed views such as a free-market economy.
Old Labour was the standing of the Labour Party since their founding in the early 20th century. Since then, the party has undertaken a radical change, through the conception of Neil Kinnock and the branding of Tony Blair, to become the centre-left party that is know as New Labour. New Labour govern with a pragmatic stance, concentrating on making practical decisions that influence the UK, as oppose to Old Labour who were ideological, and looked at the best ways in which to manage society and react to current events. Tony Blair said in 1997 “We were elected as New Labour, and we will govern as New Labour”. This signified the change in how the Labour Party acted. whereas the theory of communism stipulates that the "state" will after time eradicate socialism and Old Labour believes that the state is a necessity within the system of government. They believed in a significant reduction in economic equality through progressive taxation, state ownership, unemployment as a far greater evil than inflation, an intimate link with the unions, constitutional change as relatively unimportant. Tony Blair christened 'New Labour' with the political doctrine of the third way, this involves a compromise between social democracy and classical liberalism, ultimately combining the two political ideas. It favors a private mix in industry. New labour believes in equality of opportunity regardless of the outcome, that on balance, inflation is a greater evil that unemployment, they also believe that unions should be kept at an arms length, business interests should be...
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