Whilst I believe strongly that regulated capitalism is the best way forward...

...and society to develop, I am shocked that I actually agree with Corbyn's latest comment. The right wing press will have a field day with it though.
My economic theory came from the days of Keynes i.e. that a mixed free market economy properly regulated (but not too heavy handed) seems to make the most sense. Public services where the only 'profit' is at the taxpayers expense is NOT privatised, excesses in the markets are regulated against without discouraging entrepreneurial spirit or investors.

Corbyn is basically saying what Osborne has said but from a different perspective.

Osborne says (although we have to see it backed up with action -not holding my breath there) that business has been propped up for too long by the welfare state by subsidising low wages with benefits whilst the companies concerned pay high executive salaries and huge dividends, hence this 'living wage' initiative. The problem is it has no 'teeth'

Corbyn wants to ban shareholder dividends to any company who pay below the living wage. This is clever for two reasons:

It calls Osborne's bluff as to whether or not he is serious about the policy rather than paying lip-service to it.

It removes one of the main barriers to making it a practical proposition i.e. Small businesses may struggle and the main culprits of high profits/low wages are big companies and corporations. Targeting them in this way helps small business but forces big business to comply. Some savings in Welfare budget can then be targeted effectively to lower paid in small/startup businesses who may struggle to pay higher wages and remain competitive and stay in business.

It is a pity that so many of Corbyn's policies are ridiculous because some of his ideas are excellent but dismissed out of hand because of who mooted them