Corbyn suggests that Government should use its economic clout to make things happen. Is that so bad?
Ironically, most business leaders would agree, up to a point.
Government should be taking advantage of today’s low interest rates to borrow money to invest in infrastructure.
Not to do so is to squander a once in a generation opportunity to rebuild this country.
Corbyn has also suggested nationalising the railways, banks and energy companies.
Whether nationalisation would be any better is a moot point, but no sane person would invent the present system if we were not already stuck with it.
The growth record of neo-liberal free market economics — the mantra for the past 35 years — was recently shown by a group of Cambridge researchers to be worse on almost all counts than the system we had before Mrs Thatcher came along.
The present economic outlook here — and internationally — is far more fragile than the Government cares to admit and it is reasonable to look for an alternative way of doing things.