Morgan Stanley, with a long rapsheet for corporate crimes, says Jeremy Corbyn holding them to account would hurt them worse than the worst Brexit


#1

Originally published at: https://boingboing.net/2017/11/29/government-in-waiting.html


#2

I’m not sure that I buy this, since the answer to either “problem” is to do a corporate inversion and become incorporated in a different country. We have spent last ~50 years creating an international regime where capital is free to roam across borders and financial firms with no loyalty to any one nation are the logical result. It is no surprise that the City expects loyalty from the plebs and politicians but is unwilling to give any kind of allegiance back. Late stage capitalism


#3

Corbyn is a small threat compared with the idiot in the White House who’s going to get us all blown to smithereens.


#4

“He might get the courts to look at those tax avoidance schemes properly, and tell HMRC they can’t simply change the rules over a long and very liquid lunch.”

As a measure of how far we’ve come, Corbyn is a little to the right of the Conservative Prime Minister Edward Heath. The one who coined the phrase “The unacceptable face of capitalism” to describe a company which by modern standards would be considered quite normal - well, more ethical than Uber.


#5

Quite an endorsement.


#6

Just four years ago Jeremy Corbyn said of Venezuela’s Hugo Chavez that he was an

"inspiration to all of us fighting back against neoliberalism and austerity in Europe and showing us there is a better way of doing things. It’s called socialism, it’s called social justice and it’s something that Venezuela has made a big step towards.’<

That isn’t a position he’s ever publicly refuted that I can find. Is it any wonder that some might worry his “better way of doing things” might impact on the economy?


#7

He would have better examples to draw from of functioning democractic socialist governments, but the darn things keep getting machine-gunned out of office by Colonial-backed right-wing coups…


#8

Wow, never heard of criminals not liking their comeuppance…


#9

Well, we are worried that the US would retaliate with sanctions, disinvestment and trade barriers, yes. But the British, with all our faults, used to have a bit of a reputation for standing up to bullying. And being treated the way the US treated Venezuela would definitely fall under that head.


#10

If he can manage to not kill 120,000 people with his economic policies, I’d consider that an improvement on what we have now.


#11

https://twitter.com/ExistentialEnso/status/920441099424059397?s=17


#12

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