UK Labour’s shadow chancellor John McDonnell says he wants to ‘overthrow capitalism’ and create a socialist society

UK Labour’s shadow chancellor John McDonnell says he wants to ‘overthrow capitalism’ and create a socialist society. By Kate Ferguson.

John McDonnell today restated his determination to ‘overthrow capitalism’ and create a socialist society.

The shadow chancellor told how he wants workers to be able to take control of companies as part of a planned economy.

He called for the transformation of society and insisted that his Marxist ideas would prevent a repeat of the 2007 / 2008 financial crash.

Mr McDonnell has always described himself as a socialist but his comments this morning are some of the toughest he has made publicly. …

Mr McDonnell and Jeremy Corbyn have both been big supporters of Valenzuela and its late leader Hugo Chavez’s left-wing revolution. … But Mr McDonnell insisted the country was not an example of a ‘failed Socialist economic model’ because ‘I don’t think it was a Socialist country. …’

These people really haven’t been paying attention for the last few decades. Fortunately not all of the left wing party are dreaming so dangerously:

Labour MP and leading moderate Mike Gapes slammed the comments.

Commenting on Mr McDonnell’s remark on Venezuela, he said: That’s like saying Lenin was ok. It was all Stalin’s fault. It’s ahistorical and inaccurate self serving nonsense.’

hat-tip Charles in Melbourne