The shallow pendulum swings back for British Labour
Newton Emerson: Corbyn's rise means the UK may have to relearn some harsh lessons
Britain’s opposition Labour party leader Jeremy Corbyn acknowledges applause after a speech on the final day of the Labour conference in Brighton, September 27th, 2017. Photograph: Ben Stansall/AFP/Getty Images
The problem with Labour’s plan for the UK economy, unveiled by shadow chancellor John McDonnell at his party’s conference this week, is that I instinctively sympathise with it.
Even for me, a Tory-boy shopkeeper’s son who remembers the 1970s, it is a wearisome effort to remind myself why it will all go wrong in short order.