Corbyn is wrong to say coronavirus proves the need for socialism
Jeremy Corbyn’s claim that the Conservative government’s economic response to the coronavirus package shows that his policies were right proves what an astonishingly poor grasp of economics he has. The economic rescue package has involved a massive increase in spending and borrowing, and also a temporary part nationalisation of people’s wages – both things he has argued for. But the circumstances are totally different and what helps in an unprecedented crisis can be massively damaging if carried out in normal times. In medicine, some life-saving treatments can be life-threatening if inflicted on a healthy patient. If someone’s heart has stopped, it can be right to put electric pads on their
