Thursday - October 09, 2008
We’re all socialists now, comrade .
Because this is a very long read, and I’m not sure everyone will want to take the time to read it all here, I’ve cut it off at the link. For those who are interested please use link below.
Financial crisis: We’re all socialists now, comradeBy Simon Heffer
Last Updated: 12:01am BST 09/10/2008A quarter of a century ago, in the era of the Labour manifesto that was dubbed (by a member of the Labour shadow cabinet) “the longest suicide note in history”, when one wanted to depict the absurdity of the view of the world advanced by Tony Benn and Michael Foot one simply had to say: “They want to nationalise the banks!” People fell about laughing.
Given the socialistic leanings of our Prime Minister, it may well have been a move he undertook calmly and, quite possibly, with a little excitement
Today, it is all considerably less funny. We are all socialists now.
For the Government to take stakes in our leading banks in order to re-capitalise them is not quite the sovietisation of Britain, but it is a pretty good start. Given the instinctively socialistic leanings of our Prime Minister, it may well have been a move he undertook calmly and, quite possibly, with a little excitement.
Perhaps the consequences of his not having socialised our financial system in this way could have been catastrophic - a view taken not just by his closest Cabinet colleagues but also by the main opposition parties. Equally, the consequences of his having done so could be catastrophic, too, because the socialist experiment rarely ends up with people feeling happier, richer and more free until it has ended.
Anyone over the age of 40 will recall the abiding result of the days when we had a socialist economy in this country: poverty. We had better prepare for some more of that. The state does not have its own money to engage in stock market speculations, such as buying shares in clearing banks. It undertakes this gamble with our money.
Posted by Drew458
on 10/09/2008 at 11:11 AM
Filed Under: • Commies • Editorials • UK •
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