"If only he could figure out that socialism is a bad idea, perhaps I could really like the guy properly."

So again, I, a staunch capitalist and a detractor of actual hard left twits am cornered into defending Jeremy Corbyn:

There's more to what prompted me than just this, but the final sentence and indeed the tone of the article I do not wish to name-and-shame was:

"If only he could figure out that socialism is a bad idea, perhaps I could really like the guy properly."

To which I say:

It’s good that he’s not the chancellor then, isn’t it? While Corbyn might prefer socialism he respects democracy and McDonnell’s economic ideas are perfectly viable.

For instance: Tax Credits – I get what they are trying to say when they talk about taxing people and then giving the money back – but that’s not really what is going on – the system could be refined sure, but The Tories keep going on about it as if it’s the SAME people being taxed and then supported…

As for the economic “realism” of cutting tax credits, it should be painfully obvious to anybody who knows what ‘The Marginal Propensity To Consume’ is that this will slow down the economy.

In fact the belated recovery we have struggled to could have been achieved by giving a bumper pay rise to public servants and a probationary boost to tax credits followed by a spending review around now (assuming this had been done at the outset). In fact we may even have been running a surplus by now!

I’m so sick of seeing people go on about how unrealistic opposing austerity is when there’s more anti-vaxx doctors floating around than there are economists who think austerity is a good idea..