Welcome to the weird world of Jeremy Corbyn and his intended reincarnation of 1950s'- style Soviet Russia. Go ahead and smile dismissively if you will, but consider the economic illiteracy of the politics he espouses. Without exception, it is a history of false promises built on a sea of debt. An example is his promise to cancel all student loans running at £100bn. How would this money be found? From investors in the international bond market? With the national debt running at £1.9 trillion, more than the total value of the goods and services we produce, I think not.
Or, perhaps, he would simply print more money, producing
the kind of hyperinflation experienced in Germany's Weimar Republic where the value of money halved every few hours.
Corbyn's fools' paradise could be just a vote away at an early general election, as could the kind of soup-kitchen queues at government food distribution centres shown in the photograph.
