If Labour manages to abolish capitalism, what then? If there is no wealth generation going on at the level need to sustain the economy for a population the size of ours, we need to know how Labour will get the money to pay a vast army of public sector clients and service their generous pensions.
Borrowing will work only until potential lenders realize that they have no chance of getting their capital back, or payment of the junk-bond interest rates, which Labour will be forced to offer.
Hint to J. Corbyn: no one believes in your magic money forest.
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