Consider this: in his acceptance speech, new Labour leader Jeremy Corbyn denounced "grotesque" levels of inequality in the UK.
What are the real facts, though? The UK's GIni index, the measure of income distribution, has improved in recent years and is now amongst the world's best (in the top quartile)
But in order to squash the distribution even flatter, Corbyn's redistribution policies would impoverish Britain. I know this because I saw it first hand in China of the late Cultural Revolution. That was socialism at full throttle. Incomes were certainly more equal than they are now. They were all equally poor. [Some inequality is not a bad thing. And: China's incomes have grown 13% annually for decades, lifting 600 million out of poverty]
Corbyn says "socialism is the answer". Well, yes, it's the answer if the question is "what's the best system for wrecking the economy?"
Later: Jezza's links with radical Islam. His supporters must simply have ignored these, for they have been well-publicised.
What are the real facts, though? The UK's GIni index, the measure of income distribution, has improved in recent years and is now amongst the world's best (in the top quartile)
But in order to squash the distribution even flatter, Corbyn's redistribution policies would impoverish Britain. I know this because I saw it first hand in China of the late Cultural Revolution. That was socialism at full throttle. Incomes were certainly more equal than they are now. They were all equally poor. [Some inequality is not a bad thing. And: China's incomes have grown 13% annually for decades, lifting 600 million out of poverty]
Corbyn says "socialism is the answer". Well, yes, it's the answer if the question is "what's the best system for wrecking the economy?"
Later: Jezza's links with radical Islam. His supporters must simply have ignored these, for they have been well-publicised.
