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As Boris Johnson unleashes ultimate threat against Bremain capitalist faction, the British working class is suddenly in front of a unique opportunity

globinfo freexchange

In the merciless endo-capitalist war around Brexit, Boris Johnson decided to unleash the ultimate threat against Bremain capitalist faction. That is, a snap election with the 'danger' of a Labour victory under Jeremy Corbyn, which would be neoliberal capitalists' worst nightmare.

As already pointed out, despite the capitalist civil war, both major factions of the British capital remain deeply neoliberal in their ideological core. And therefore, both factions see a potential Labour government under Jeremy Corbyn, as a major threat.

Indeed, as ZeroHedge reported

As Prime Minister Boris Johnson faces the prospect of his rule being cut short, wealthy Britons have a message for Johnson's most likely successor: A 'no deal' Brexit makes no difference to them. But if Labour leader Jeremy Corbyn becomes PM, they will flee in droves, taking their money with them

[...]

The chairman of one Swiss asset manager who helps wealthy Britons shield their money in tax havens warned that if Johnson is defeated in a snap election, and Corbyn becomes the next PM, it could trigger a wave of capital outflows as the wealthy scramble to move their assets (and themselves) out of the country.

"It’s clear there would be a major outflow of high net-worth individuals and families if a Corbyn government was to come to power," said Chris Kalin, group chairman of Zurich-based Henley & Partners Group. "This is the big fear, not Brexit or even a no-deal Brexit. That doesn’t make any difference to our clients."

[...]

To help restore the country's property market, Labour has called for higher taxes on unoccupied homes, which are typically owned by the wealthy. It's also planning to reform inheritance tax laws by adding a tax on real estate owned by foreigners, which would hit billionaires particularly hard, Bloomberg reports.

Labour has also promised to undo some of the privatization wave enacted by Prime Minister Margaret Thatcher. Energy, water and rail services would be among the first industries to be re-nationalized. The Royal Mail would also be re-nationalized under Corbyn's plan.

[...]

The risks of an exodus by wealthy Britons became a focus last year when Jim Ratcliffe, founder of global chemicals manufacturer Ineos AG and (at the time) the UK's richest person, decided to move to Monaco along with two other billionaire Ineos directors, to avoid higher taxes. And if Johnson's gambit fails and he's forced to turn over the reins to Corbyn, many more will likely follow in Ratcliffe's footsteps.



Pro-Brexit capitalists are willing to risk wildly as they know that a potential Brexit with Jeremy Corbyn in power would become Bremainers' worst nightmare. Bremain capitalists will only then hope to make Corbyn capitulate and force him reverse Brexit. A very long shot, very hard to achieve.

Of course, the stakes are higher than just a few billionaires pulling their money out of the UK. The globalized capitalist faction in Brussels and London fears that a Corbyn government - free from the EU neoliberal scrutiny - could become the blueprint for the rise of other Leftist forces in the United States with Bernie Sanders, or in other European countries.

The neoliberal priesthood already paid heavily the hubris against Greece. And one of the devastating consequences was the vote in favor of Brexit in the British referendum.

So, inside all this mess, the British working class is suddenly in front of a unique opportunity. After decades of neoliberal domination in favor of the capitalist plutocratic class, it will be able to take the power through Jeremy Corbyn.

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