CWU vs Royal Mail is an interesting case study for Corbyn's nationalisation plans 1/
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Union are striking for various reasons, but one of them is over changes to pension scheme 2/
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Royal Mail points out that keeping current scheme would require 3/4x more cash than entire business generates - £1.3bn vs profits £335m 3/?
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Adds that workers have had 10% pay rise over last 4 years, which isn't amazing, but a lot better than most have got 4/?
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So in Corbyn-world, where would sympathies lie? Would industrial harmony miraculously reign? 5/?
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Or would massive expansion of union powers & giving them a say in governance mean they'd get what they wanted and customers would pay? 6/
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Nationalise, outlaw competition then drive prices up, Corbyn's plans are basically racketeering by the State
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