RE: RE:UK jobless figures14 Aug 2018 15:30
Chancer,
We need a balance of both Capitalism and Socialism. I'd say a 70:30 split with 70% going to capitalism. If we allow any one system to dominate it all goes wrong, with Marxism being the worst (Corbyn).
With capitalism it doesn't matter that the poor have had their life improved over the years, they still look at the rich and say they have more than me, it's not fair (even if it means not working for it).
With Marxism/Socialism (Corbyn & McDonnell) the state just takes from the rich to give to the poor, until there's no more money left and then everyone is far more poorer than they were before the Marxism/Socialism began. With the poor being in absolute dire straights then. (Venezuela)
So a balance of Capitalism and Socialism is needed, it's hard to determine exactly what the balance needs to be it probably needs adjusted to suit the conditions.