The main difference between political parties

Forget their economic policies, the most important difference between our political parties is in their attitude towards democracy and the freedom of the individual.

You've probably heard more than a few people declaim politicians, saying they're all the same, and you might as well not vote at all.

Such cynicism is understandable, especially after the expenses scandal, but wrong-headed. There are plenty of differences between the parties. On economic policy, for example, the gaps between the parties are growing ever more obvious as the election campaign rattles on.

But there's something far more important on which there's an extremely clear divide: their general attitude towards democracy and the freedom of the individual. The current Labour government has passed some really rather draconian legislation, including - but not limited to - the rightly reviled ID cards project.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

This has prompted the Liberal Democrats to put together an interesting score sheet at 'How authoritarian is your MP?' Obviously, given the source, it's not unbiased. But they've listed ten pieces of legislation attacking civil liberties, and scored every MP on how they voted.

Looking down the list of 619 MPs, what's striking is that the entire top half of the list (the most authoritarian MPs) are all Labour MPs. Sure, it takes guts to vote against your party. But if you're sick of economic fudge, and need to see a clear divide between the parties to persuade you to get out there and vote, then this one looks pretty compelling to me.

John Stepek

John is the executive editor of MoneyWeek and writes our daily investment email, Money Morning. John graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news. John joined MoneyWeek in 2005.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.