Geoffrey Hodgson poses an old question: what is socialism?
I share his dissatisfaction with Corbyn’s definition as a way of living in which “everybody cares for everyone else.” For me, socialism is not about being well-meaning busybodies. Rather, the care must be expressed via institutions which meet people’s needs whilst treating them with dignity. On this score alone, our welfarestate and immigration system fail.
So, can I come up with a better answer to Geoffrey’s question? Here’s my personal and idiosyncratic take.…Stumbling and Mumbling
Chris Dillow | Investors Chronicle