Let's not write it off completely though, because it has published the details of the most recent Fabian conference, in which Daily Mirror political editor Kevin Maguire shares his deep thoughts on how to revive the economy:
Would anyone put it past this government to implement that idea?
10:1 maximum wage, set against the workers getting the lowest wage in the company.
Dawn Butler likes the idea, Ken Livingstone complains that someone else has taken his job anyway!
One delegate asks how Maguire would stop people atomising into self employment to avoid the limits, while David Aaronovitch questions how Man City will be able to purchase the services of Kaka.
Maguire proposes an anti-self-employment hit squad, and claims that the ‘benefit all' effects of the policy would create incentives.