In response to Ellis Thorpe (Letters, 24 August), I’d like to abolish every policy based on the false premise that a free lunch, in the form of state intervention, is possible.
This would include a drastic cut in the crushing burden of taxation and the cutting of much red tape.
To equivocate between state and economic power is not merely false but Marxist as one is the power of brute force and the other is the power of reward.
The level of foreign ownership of the economy is not something a rational observer need be concerned about and; indeed, policies of “indigenisation” are a feature of Marxist governments, such as Zimbabwe.
Instead of recognising the fallacies inherent in today’s failed consensus on economic policy, Jeremy Corbyn proposes to multiply the effect of those fallacies many times over.