Capitalism and Socialism with a “Mixed Economy”
27th Sept 2018
Corbyn said he will adopt a Mixed Economy if elected to power.
SO THERE IS NO CHANGE THERE
AS BRITAIN (AND AMERICA) COULD BE SAID TO BE A MIXED ECONOMY NOW
If Corbyn had wanted to take the Labour Party further to the Left he should have advanced the expectation to take Britain to a Socialist Market Economy from a Mixed Economy.
A Socialist Market Economy is the system practiced in China and to a lesser extent in Cuba and North Korea.
So it is not unreasonable to conclude that Corbyn wants make Capitalism work but in a more socially acceptable way.
He will come up against all sorts of challenges to keep the lid on those wanting a Socialist Market Economy.
The preferred anti capitalist option.
And he will fail as Marxism explains in the next article.