GOSPLAN! John McDonnell’s new structure for the British Economy

Oooh, yes, this’ll work now, won’t it?

He said a Labour government would establish a series of powerful commissions to oversee corporate behaviour. An overarching business commission would contain within it three separate watchdogs – a companies commission, a finance commission, and an enforcement commission.

Multiple interacting bureaucracies to tell everyone what to do. That’s just never been tried and will obviously work, no?

No, really. Economic decisions being taken by political timeservers just will work so well.

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