The Oxbridgers here at The Economist proclaim not just their support for the Welfare State, as being an integral part of an ‘Enlightened Capital’ ,but their political enthusiasm for it.  Framing their argument by The Beveridge Report from a ‘Liberal Economist’. In sum, the ‘Welfare State‘ is the product of ‘Liberalism’, in their history made to measure. This eliminates the ‘Left’ from their political equation. Not to speak, in the political present , of Jeremy Corbyn, as the embodiment of the very idea, not to say practice, of that Welfare State.

And of a Labour Party that has reclaimed its Socialist roots, and sent the Blairite Faction into full scale political hysterics. With the help of The Economist editors and writers in their continuing political defamation of Corbyn, as Leftist Menace: this reader recalls the Soviet Socialist Realist paintings of Lenin, with Corbyn’s head superimposed over that of Lenin, as just one example of that maladroit visual  propaganda employed by this newspaper. One need only look to the manufactured charge of Anti-Semitism! What is   telling is that with each new attack on Corbyn the membership in the Party led by him grows.

This reader can only wonder ,what The Economist’s elite readerships response to this  endorsement, of the utterly alien notion of the legitimacy of that Welfare State, will be? In the most vulgar Randian terminology this signals the triumph of The Drones over The Producers!

Old Socialist

https://www.economist.com/leaders/2018/07/12/capitalism-needs-a-welfare-state-to-survive