The Corbynist in question is one Aaron Bastani: look him up for yourself, he is as wrongheaded as it is possible to imagine but transparently, ingenuously, painfully honest. He has also (supposedly) worked up a fully-developed new vision of the future that glories in the title fully automated luxury communism (sic): needless to say his vision is revered in some leftist quarters, and scorned in others (they all despise each other cordially in best Life of Brian fashion - it's all that earnest thinking).
Anyhow, à propos of "The Treasury is modelling a potential £500 *billion* deficit for this financial year. That would be around 25% of GDP", last week he went on to tweet:
You have to suspect Tories will go for pensions if deficit is as bad as it could be. They are going to massively rise in coming decades anyway so might as well deploy some shock doctrine. I think they’ll plump for that, citing ‘generational justice’, and VAT/NI.Now let's immediately accept that one interpretation of this, is: Bastani is merely predicting what the Tories will do next, because he assumes that they (foolishly) think "it all needs to be paid back eventually". But that's not how I read it. It seems to me (and others in the thread following his tweet) that young Aaron himself thinks it all does indeed have to be "paid back" - 'cept he'd do it via a wealth tax etc etc. He's just mulling over the conventional options for doing so, and speculating on the politics around the choices available. (I have no intention of ringing him up and finding out which is correct.) In any event, he didn't rise to the chiding of one of his BTL commenters who retorted:
Love the comments on here from Corbynistas implying the Govt have spent too much! Pot/Kettle.So for now, I'm sticking with my interpretation. Deep in the public psyche, plain vanilla grocer's-daughter Thatcherism rules, OK!