(Dec 30): The United Kingdom’s general election this month not only settled the question of Brexit, but also put paid to Labour Party leader Jeremy Corbyn’s extreme vision of socialism. Corbyn’s electoral demise comes as a relief to all who reject the Venezuelan economic model: if it moves, regulate it; if it still moves, tax it; and if it’s still twitching after that, nationalise it. The UK has been spared a very costly five-year diversion. It is little wonder that markets heaved a sigh of relief following the Tories’ overwhelming victory.

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