Yanis Varoufakis makes a compelling argument for a more ambitious economic offer from Labour (Why is Labour still using the self-defeating, discredited ‘maxed out credit card’ analogy?, 15 February). What makes economic sense to those of us on the left is, in an election year, unlikely to cut through to an electorate of small-c conservatives, backed by a big-c Conservative press.
Since Margaret Thatcher erroneously equated a national economy with a household budget, borrowing to invest comes up against the mythical creature of national debt. There is a not unjustified sense in the country that whatever economic policy is enacted, the less well-off will pay for it. I suggest that it is inequality that makes cowards of us all.
Felicity McGowan
Cardigan, Ceredigion
