Karl Marx would be truly intrigued by the Labour party, for in government they have succeeded in making things so bad for the average Brit that communism would actually bring some light relief. It is as though the Labour party read Das Capital and decided it would become the basis for a script ‘Britain; the Blair and Brown Years’. 

The past twelve months have seen corporations and private individual’s finances collapse under the burden of excess debt , coinciding with the worst recession in the UK for decades.  This, along with the total mismanagement of the public purse by the Labour government, has created the ideal scenario for furthering communism (as outlined in Karl Marx’s work) in the UK.

However things may not be so clear cut.

TCE felt that when RBS outbid rivals for the very average Dutch bank ABN at the top of the equity market in the latter half of 2007, that the RBS Board, and in particular, Sir Fred Goodwin, had gone completely mad.

The recent media frenzy surrounding the subsequent bailout and the firing of Mr Goodwin has been completely overshadowed by the ‘scandal’ of his pension entitlement. Ms Harman (Labour’s Deputy Leader) during a 1^st March television broadcast implied that steps would be taken to ensure that the former CEO does not take his £650,000 per annum pension even if the retirement deal was valid in law. “The Prime Minister has said that it is not acceptable and therefore it will not be accepted” said Ms Harman on the BBC’s Andrew Marr show.

The morality of such a payout is perhaps debateable and Fred Goodwin’s legacy is one of arrogance and incompetence. But the message that Gordon Brown sends with such dictatorial statements should normally be of grave concern, however since communism theoretically implies an egalitarian and democratic social structure, communism has absolutely no chance whilst this Labour Party is in power.