Episode 32: "Andy Burnham Just Became PM. Here's Why That Should Terrify”

This week a man walked into Number 10 having told the TUC that our economic model “doesn’t work well enough for ordinary people.”I want to be fair to him. He probably means it. That isn’t the danger. The danger is that we’ve heard those exact words before — and I can show you where they led.In this episode I explain, in plain English, the real difference between capitalism and socialism. Then we go and look at what happened the last time Britain picked the second one.Inside:* Why nobody on earth knows how to make a pencil — and why that’s the whole argument* The 83% tax on earnings and the 98% rate on savings. Not a typo.* September 1976: the Chancellor turns back at Heathrow as the pound collapses, and Britain borrows more than any nation had ever asked of the IMF* The winter the rats took Leicester Square and the gravediggers of Liverpool went on strike* The strongest arguments against my case — made properly, then answered* What Thatcher actually did, and the real price communities paid, which I don’t dress up* “But what about the sewage?” — the statistic almost nobody knowsNobody who built the 1970s wanted coffins stacked in a warehouse. They all meant well. Good intentions are not a policy.🎧 Listen now — 40 minutes.🔒 Paying subscribers get The Receipts: every figure sourced, including the Budget speech where a sitting Chancellor calls the 98% rate “an absurdity” that raises almost nothing.Think for yourself. Keep what’s yours. Get full access to Taxed & Taken: Money, Power & Freedom from the State at patelankeet.substack.com/subscribe