Vir Cantium

I'm right, you know …

Nationalisation will save us all

So nationalisation of Northern Rock is still on the cards, despite many good reasons not to. Look on the bright side, though – it’ll give us something to sell once we get back in power.

Also interesting and deserving of a proper fisking (if only I had time!) is the BBC’s “Q&A: Nationalisation”. Predictably, coming from a state-owned organisation, much of it seems to have been written with the benefit of rose-tinted glasses. Just as an example:

What is the point [of nationalisation]?
Many of these industries had fallen into a decrepit state by the time they were nationalised. One reason for taking them over was precisely to keep them going rather than see them fold.

Some may have been struggling, because of poor management. Some may have been struggling because the government had already done a fine job of running them into the ground (e.g. the railways during the war). Many, however, were nationalised because of misguided post-war socialist dogma.

And of course, after they were nationalised, they all became shining examples of efficiency and innovation and went on to conquer the world and prove that Britain was still the economic powerhouse …. errrm, nurse!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: