Tag Archives: wage and salary controls

UK Labour Party: Socialism on Steroids

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It’s really not hard to imagine this happening here. In fact, it’s quite easy to imagine this same bilge being spouted by any Democrat presidential candidate.

British Labour Party bigwig John McDonnell, pushing for a Labour majority in Parliament, says a Labour government will ban companies from the London Stock Exchange for “failing to act on Climate Change” (https://www.breitbart.com/europe/2019/11/20/climate-hysteria-labour-ban-companies-stock-exchange-failing-act-climate-change/). We are free to wonder what “action” would meet with his approval.

But he doesn’t want to stop at letting the government decide who can buy and sell stocks and who can’t. He’s also taking aim at a massive “redistribution” scheme which would supposedly do away with “billionaires.”

“No one needs or deserves that much money. It is obscene,” he says. Deserves? The government’s going to decide how rich you’re allowed to be?

Well, yeah–McDonnell has another plan to give the government the authority to fix wages and salaries. You’ll earn no more than the government thinks you should earn.

Who does he think he is–Bernie Sanders? Elizabeth Warren? Can anyone explain the difference between them and him? Can anyone even see the difference?

Freedom is fragile, and there’s always someone eager to take it away from others. Politics is one of Original Sin’s favorite playgrounds.

Beware all that free stuff held out to you by socialism. It comes with a very high price tag.


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