Well, yes, OK then

What is abundantly clear is that Corbyn is nowhere near making a Venezuelan style offering. There is no revolution in the air, nor of anything like the types of reforms tried in Venezuela, which was and is a very different country to the UK, rendering any such comparison almost utterly meaningless.

So what are the two things that fucked Venezuela then?

1) Price fixing thereby destroying the market. Even Owen Jones has agreed that these were a disaster. And Jezza and others are pushing the idea of price fixing in labour (minimum wages), rent controls, train tickets, utility prices……ah, right, so it is like Venezuela then.

2) Printing vast amounts of cash that the government can then spend.

It’s depressing, but the simple fact is that now is the time to make the case for the modern mixed economy where state and private sectors work in harmony for the benefit of everyone. It may look like a good old compromise. And it is, with the added twist that policies like People’s QE add to it.

So, we’re fucked then, right?

13 thoughts on “Well, yes, OK then”

  1. A few weeks ago Corbyn was asked about Venezuela and the idiot responded by blaming a fall in the oil price. The interviewer should have followed up by asking why, say, Norway – also a petro-state – hasn’t been hammered.

    Murphy and his type hate the Venezuela example because it’s broadly accurate. The Tories, if they have sense, should continue to mention it.

  2. Jonathan Pearce

    Absolutely – the Conservatives should be paying informants in the two primary Corbynite states, Venezuela and North Korea and broadcasting across blogs dispatched from both, hammering home the message that this is what Corbynite life is like.

    Trust me when I say the dozens of ‘social media’ Corbynite accounts are not hesitating to make s%%t up to attack them, so the Tories need to respond in kind. At the moment they seem to be choosing a Munich-lie response, and it will fare no better than it did then….

  3. It’s depressing, but the simple fact is that now is the time to make the case for the modern mixed economy where state and private sectors work in harmony for the benefit of everyone.

    Sounds lovely – how does it happen? What happens when the State, the private sector and ‘everyone’ (i.e. consumer) have conflicting interests?

    Of course, we all know (including even Murphy) what happens in that situation.

  4. It’s amazing that in England, everyone who is under 30 wants to transform the UK into the Soviet Union 2.0

    I mean, I thought that this was supposed to be the enlightened generation which has a mastery of technology and will solve all the problems of the world ‘n’ stuff.

  5. Serge,

    in England (or the rUK for that matter) everybody under 30 just wants to get laid.

    A tiny but vocal minority see their only chance of getting laid is if the Government mandates it, all these other policies are just laying the groundwork.

  6. BobRocket


    in England (or the rUK for that matter) everybody under 30 just wants to get laid.

    A tiny but vocal minority see their only chance of getting laid is if the Government mandates it, all these other policies are just laying the groundwork”

    Bask in the glory of the new frontier of public choice theory!

  7. ‘the modern mixed economy where state and private sectors work in harmony for the benefit of everyone’

    Modern? As modern as Ancient Egypt?

    Everyone? Everyone gets a dacha?

    Harmony? At the point of a gun harmony?

    “You will get more with a kind word and a gun than with a kind word alone.” – Stalin

  8. It’s amazing that in England, everyone who is under 30 wants to transform the UK into the Soviet Union 2.0

    Not surprising, given the left has taken over the BBC, the schools and Universities…

  9. @Theophrastus, October 2, 2017 at 5:12 pm

    Plus the Public sector, Legal & Judiciary, ITN and rail transport employees.

  10. ““You will get more with a kind word and a gun than with a kind word alone.” – Stalin”

    Actually, it was Al Capone who said this. (At least according to Civ IV)

  11. Some interwebbing suggests Prof Irwin Corey. Commonly attributed to Capone, yet there is no record of his saying it.

    I had heard Stalin decades ago, and Stalin sounds better than Corey, anyway.

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