Thanks @
Dolan for the very detailed analysis!
I can also understand some of the policies Corbyn wants to introduce, although he tends to be a bit too extreme for me. There are some economic sectors, especially in the UK, which are in need for tighter regulation or even state control. E.g. the financial system located in the city is not sustainable the way it is currently working. It incentivizes risky behavior by making institutions too big to fail and, hence, socializing the risk via bail-outs. Some of these policies should even be consistent with EU laws, e.g. the railroad system in Germany is property of the federal government but managed very indirectly.
Good economic policy cannot be simplified by just assuming that competition is always good or government control always bad. It is a complex issue which should also be addressed as that.
All in all, this situation is even frustrating to see from the outside. I don't want to imagine how it is when you actually live over there.
EDIT:
I just found this opinion article, which is close to how I would interpret the situation:
"So far it has suited Mr. Corbyn, a longtime Euroskeptic, to stay on the fence, loftily opposing all of the Tories’ proposals and declaring that if only Labour were in power, it could magically achieve a better Brexit deal. He’s reluctant to back anything that the Tories propose because he calculates that doing so will implicate him in Brexit’s inevitable economic damage. He doesn’t want a second referendum because he doesn’t know which side to back."
(
https://www.nytimes.com/2019/01/15/opin ... e=Homepage)
Whatever is written above: this is no financial advice.
Beati pauperes spiritu.