The shadow chancellor dismissed the comments recorded in a video in 2013 as a joke Leon Neal/Getty ImagesThe man in charge of Labour’s economic plans said that he was a Marxist who had been waiting for years for the global financial meltdown. In a video recorded in 2013, when he was a backbencher, John McDonnell said that the 2008 crisis that plunged Britain into recession helped to demonstrate the flaws of capitalism. He said that the hard left should not “waste” the crisis, adding: “I’ve been waiting for this for a generation!” Yesterday, the shadow chancellor dismissed the comments as a joke. “I think I also said the bankers have done more to undermine capitalism than anything…

Source: The Times September 15, 2016 23:00 UTC