Quote (Black XistenZ @ Jun 6 2017 07:05pm)
you wonder why I expect an economic downturn under corbyn? well, corbyn proposes socialist policies. go look up their track record during the last 100 or so years... socialism always failed in the end, often times spectacularly. the most recent example is venezuela, a country with the largest natural oil reserves in the world. it could be a wealthy paradise. thanks to socialist mismanagement on all levels of government and society, venezuela is instead nearing bankruptcy, a hunger crisis and a civil war.
Corbyn's policies are actually pretty centrist and have more in common with germany and scandinavian countries. Pretty mainstream and hardly comparable to venezuela.
What Corbyn proposes is Still Capitalism but a more socially democratic movement, reigning in the financial and free market with some controls, since it's proven to be less than the altruistic operation so espoused by the neoliberal movement.
To say the bringing the tax rate up to LESS than what it was under the previous labour government (still among the lowest in the G7) and introducing a few MUCH NEEDED things like rent controls and properly funding the NHS is not just scaremongering, it's laughable and just
shows how far to the right the corporate media have shifted the debate in this country.
This post was edited by MrSpanky on Jun 8 2017 02:31am