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Aubrey McCarthy is the founder and chairman of Tiglin, a charity that provides services to homeless people.

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I listen to podcasts quite a bit in arrears. I’m not too worried about being current, I suppose, and I was just listening to a David McWilliams podcast from August, he was talking about the banks, not too surprising. And he touched on a topic that I’m surprised that more people don’t discuss.
David McWilliams didn’t really discuss the topic I’m referring to, but he did kind of arrive at the topic. This goes all the way back to Marx, The Communist Manifesto and all that, and the workers seizing the means of production.
Whatever about my other views, I think this misunderstands how economies work. Firstly, that whole thing about the workers seizing the means of production, whenever it has been put into effect, or even tried to be, it inevitably means the state seizing the means of production, nationalising industries.
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