I confess, I am an economic illiterate!

I was reading an article that was detailing how Labour's millionaire donors are all threatening to stop donating to them if Jeremy Corbyn wins the leadership. Now readers of this blog will know that I am completely indifferent to who wins this meaningless contest for the leadership of this meaningless party. However, one of these people gave as his reason that the policies being advanced by Corbyn are 'economically illiterate'.

I want you to think about that. This comes from a person who promotes and supports the economic policies that destroyed the economies of some of the world's largest nations. These are the policies that gave us the financial crisis, that wrecked the American and British economies, that brought the world's largest banks to the brink of bankruptcy, that brought Spain, Portugal, Italy, Greece etc. to their knees. These are the policies that have threatened to destroy the EU, have brought foodbanks into the British economy, caused an independence referendum in Scotland, and so on and so on. One of Corbyns economically illiterate policies is a renationalisation of important infrastructure like the railways. It seems to have escaped the millionaire class that it was the nationalisation of the British banking system and its subsequent massive input of public money that saved the banks and allowed Osborne to sell RBS off to his mates at a such ridiculously low price that would see him being jailed in any really intelligent society. The sale of RBS was a genuine criminal act and a perfect example of how something legal can be so wrong. So much for economic illiteracy, if such policies are economically illiterate what on earth can we call the dominant free market policies that are demonstrably, not only illiterate, but stupid and indeed licenced gangsterism.

The dominant elite in Britain and the US cannot really be blamed for this state of affairs. The real culprits are the populations of these two nations who support this arrant nonsense and hide their heads in the sand. History will look at the 2015 general election in the UK in awe at the gullibility and stupidity of the British electorate for giving the Tories their majority. They will ask the question of how a supposedly intelligent people could vote for their own poverty and slavery. Our television carries programmes examining the rise of the Nazis in pre-war Germany and they will be making similar programmes in the future about the rise of fascism in the UK in the early 21st century. They will ask the same questions about the British as they now ask about the Germans. On one thing the Tories are correct, the fate of the Labour Party is of no consequence since it is simply full of people who wanted to be in the Tory Party who couldn't make as Tories. I remind you of the words of John Stuart Mill. "Not all Conservatives are stupid people, but most stupid people are Conservatives". When Aneurin Bevin described the Tories as lower than vermin he was being too kind. Labour now occupy the same ground and share the Tories view that any challenge to the free market model and any attempt at a meaningful alternative is dismissed as economic illiteracy, when the real economic illiteracy is being promoted as public policy on a daily basis. You have been warned.

Your Servant
Doktor Kommirat.