Silly Billy 2

In the aforementioned debate with Bragg and Luke Johnson entrepreneurial son of the famous historian Paul Johnson Luke was very apologetic about 'capitalism' (otherwise correctly known as the mixed economy#) justifying the 2008 corporate bailout by the state and thereby handing his argument to Bragg who said the money should have gone to British consumers. To be a consistent and thereby credible defender of 'capitalism'#  one has to be against both forms of welfare -corporate and individual or one has lost the argument before one has begun.

Johnson correctly and repeatedly pointed out to the bovine Bragg that far from being underregulated the economy and business is highly-regulated already to which the socialist Bragg replied it needs to be more.

Now for the rich and well heeled like Bragg it is fine to clamour for yet more regulation because they are largely immune to its deleterious and calamitous effects namely price rises that hit the poor who the likes of Bragg are forever ironically purporting to represent.

Big business tends to favour more and more regulations because it can more easily absorb the costs and it effectively protects them from would-be competitors seeking to enter the field who are prevented by the prohibitive costs and it can always pass on the those costs in higher prices anyway. So every new regulation is another burden on business and potential price rise to those least able to pay but the main purpose of calling for such regulations is the old left motivation of virtue signalling and another darker psychological motivation namely unearned liberal guilt.

Many in the entertainment business are lefties because they feel guilty for their wealth and seek to expiate themselves by making a noise about the need for higher taxes and more regulations. If they think they can get away with it they will often seek to shelter their wealth in circuituitous tax avoidance schemes and every now and again they are exposed in the 'right wing press' -names such as Russel Brand, Bono head and Alan Carr to name just a few of the more prominent suspects.

Far from needing more regulation the economy and business should be 100% deregulated and a private banking system allowed to grow up which means privatising the Bank of England and having a complete separation of economy and state so the latter can no longer print money,corrupt the currency and go on spending splurges which has taken the country to the brink of  bankruptcy.

The Labour government of 1945 nationalised the Bank of England so it could pay for the Welfare State and thus began the moral and economic decline of the nation with government as a printing press for funny money . Unlike the non state ponzi schemes that always eventually collapse, the State just cranks up the printing press for another orgy of spending. No one ever goes to jail.

The only reason ridiculous characters such as Bragg proliferate is because their alleged opponents such as Luke Johnson are invariably apologists for the mixed economy, crony capitalism with bailouts for corporations -statists of the right who obviously cannot stand up to statists of the left like Bragg because they are so compromised in their position so they come across as weak,pathetic and on the defensive and amoral characters like Bragg get away with it and manage to claim the moral high ground which by rights they have absolutely no claim to whatsoever.