It’s countdown to Corbyn. We shall not be kept waiting for long before we find ourselves living – if “living” is the right word here – under the most extreme left wing government Britain has ever seen. Corbyn’s plans make Michael Foot’s 1983 manifesto – called at the time “the longest suicide note in history” – read like a discussion paper produced by The Monday Club.
The Corbynistas are preaching “Socialism for the 21st century” – an oxymoron to rival “Valve radios for the digital age.”
There will be wholesale nationalisation, massive borrowing and spending, the abolition of all pay restraint and an expanded benefits system. Give Corbyn credit for one thing: he is a true prophet. He rightly predicts that his policies will lead to a run on the pound and a financial crisis.
What he does not foresee is that in this crisis investment will plummet as financiers put their money where it is likely to secure a return: they will not toss it into the stagnant and bottomless pit of Corbyn’s socialism. No investment means no real jobs but only a hugely-expanded and unproductive public sector paid for out of even more borrowing. All that borrowed money sloshing around will lead to high – and eventually hyper – inflation. Millions will be unemployed. People’s savings will be rendered worthless. Thus Corbyn’s foolish and wicked policies will most hurt those he claims to champion: the least well off throughout the country.
But this horrible dystopian nightmare won’t really come to pass, will it? The Tories under Theresa May will get their act together and mount a vigorous defence of capitalism and the free market.
Oh yes, and Ben Stokes will win The Polite Society’s Award for Gentlemanly Conduct.
Mrs May will not outline the virtues of capitalism and the free market – because she believes in neither. If she did, she would cut taxes and abolish strangulating business regulations. Instead since that terrible day she became prime minister, she has declared she is determined that the government will make even greater interventions in boardrooms, the minimum wage will be regularly increased and the cap on public sector pay will be scrapped.
Observing Corbyn’s army of snowflakes – all those innocent young people to whom he is promising the earth – May is promising today “to create a fairer society for the young.” But she can’t bribe them with a pint when Corbyn is offering them a firkin.
Why can’t she see that stealing the left’s political clothes will leave her dangerously undressed?
During last June’s election campaign a commentator remarked, only partly jesting, that Theresa May had “…adopted Ed Miliband’’s manifesto and moved it to the left.”
Is there any support for capitalism and the free market in today’s Conservative party? No, there is about as much capitalism among the Tories as logic in the editorial department of the Daily Telegraph.
Yesterday that newspaper shouted, “May must outline her capitalist policies.”
She doesn’t have any.
Followed by this ripe piece of idiocy: “The intellectual case for capitalism is easy to make. What of the moral one?”
But the intellectual case includes the moral case – otherwise there is nothing intelligent about it.
And if you think the Telegraph couldn’t get even stupider, how about this: “May’s vision is of a free market combined with sensible regulation.”
But if it’s regulated, it’s not free.
I’m probably not such a good prophet as Jeremy Corbyn, that great admirer of Chavez, Maduro and the state of Venezuela where there’s no food in the shops and people are stealing zoo animals to provide their next meal. But let me try my hand at prophecy nonetheless:
The days are coming when a wife shall leave a note for her husband saying: “Darling – I’ve gone to the Labour rally. Scavenge for your supper in the dustbin.”