[heero_yuy]

In these strange times, it is frightening that a number of people are prepared to give this Corbyn thing a go. What could possibly go wrong?

A lot would go wrong in a socialist economic revolution, as history shows.

I’m not alone in thinking Corbyn is rather naive and idealistic, thinking presumably that this process of transforming the economy to an anti-market system would be rather nice, joyful and peaceful. And there you get to the heart of why this stuff always leads to coercion, control and terror.

Several things happen when it is tried, after the initial shock that leads to capital flight and panic. There are case studies from Russia, Venezuela, Cuba, East Germany, China and quite a few more.

The socialist economic revolution begins, but not everyone agrees that the economic revolution is a good idea.

They like their property and even if it is not stolen or taxed heavily in the first wave, they fear it will be next. Or they want to own property in the future or they simply have a job they like and want order.

Comment by Iain Martin. Read full piece