SIR - Responding to Tom Gurney (T&A letters, August 18). He states that under a Corbyn government ‘there would be no incentives for individuals to better themselves’. Other nations which adhere to Democratic Socialism such as Denmark have the highest levels of upward mobility within the G20 whilst Neo-liberal economies like Britain have the lowest.

He’s then concerned that a Corbyn government would ‘take more of our money from us and spend it for us’. ‘Us’ in reality being the top percentages of highest earners paying five per cent more income tax and 2011 levels of business tax to fund much needed investment which the majority of ‘us’ would benefit from.

‘Less jobs being created’ under Corbyn? Under deregulated capitalism we permanently exist between recessions, if only this government gave genuine unemployment statistics. And as for nationalisation, the ‘private sector more efficient’ myth is the weakest fallacy of monetarist capitalism. Railway networks are more heavily subsidised via the tax payer now than when they were publicly owned and also more inefficient and expensive than their nationalised counterparts abroad.

George Hitchcock, Southlands, Baildon