foodbanks

The Vile Maxim

The single most important myth about Toryism — that the Tories are the best managers of the economy — needs to be confronted, and destroyed. The Tory party is best identified by its support for an economic system called capitalism, an ancient belief that concentrates wealth, and political power, in the hands of a tiny minority.
Britain’s best-known economists were Adam Smith and JM Keynes. Smith made the following observation about the capitalist model that ruled the world throughout modern history: