If the Labour conference this week didn't make you feel a little nervous, you might want to look back at some of the speeches again. They spelled out, as David Smith put it in the Times, an "all-singing, all-dancing left-wing programme for government". Think the effective confiscation of large parts of listed firms for employee benefit trusts and tax grabs; the replacing of up to a third of corporate boards with workers; an awful lot of nationalisation; and a very sharp rise in the minimum wage.
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