Nationalisation..

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malg

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Well, the Shadow Chancellor said it's happening if they get in. He reckons people are sick of being ripped off. He's not going to pay the market rates to put them back into public ownership.

I can see it being a vote winner with some.

So, what do you reckon? I think there would be a huge legal battle over the price.
 
Yes we should in my opinion
Some on here will say no we shouldn't.
A senseless load or arguements to start on here very soon
This will be moved to politics more likely.


Infrastructure should be state owned includung energy, transport and some industry.


Water supplies and sanitation should be free and provided as part of our taxation not a seperate bill.


As for price a government can take control and compensate similar to compulsary purchase councils do to property if they make it law
 
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malg said:
Well, the Shadow Chancellor said it's happening if they get in. He reckons people are sick of being ripped off. He's not going to pay the market rates to put them back into public ownership.

I can see it being a vote winner with some.

So, what do you reckon? I think there would be a huge legal battle over the price.
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Certain things lend themselves to nationalisation, and I do think the railways is one. Seeing as the routes are franchised by private companies the cost of nationalising shouldn't be drastic, as long as it was done over time and not pushed through immediately

However I'd be against nationalisation in other sectors for the sake of it. There needs to be a clear justfication for doing it.

Don't think there's any chance of Labour getting in though with Corbyn at the helm.
 
It's a plausible idea on paper but not a cat in hell's chance of it happening, it's just a typical opposition sound bite to gauge public reaction.... Labour won't be in power until Corbyn and his crony are long gone ... Aside from what I've just said, it would take donkeys years to sort out....

There is no doubt that we are all paying more for less and it's getting worse year on year but I just can't see re-nationalisation happening, something does need doing though to curb the fat cats fucking us over ...
 
Tuearts right boot said:
Could be a good thing but you would have to chain the unions down. Them fuckers would be walking out over tea breaks again. Some on here will remember the good old days of power cuts, 3 day weeks, strikes, no refuse collection etc etc. Took a woman to sort it out.
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Three day weeks began under Heath.
 
According to a leaked memo they won't be paying market value. They will negotiate with shareholders taking into account state subsidies, pension fund deficits and asset stripping since privatisation. They'd offer £20bn to the water companies who reckon market value is £44bn.

Yowza!!!!
 
1.618034 said:
Thanks.

I'm all for Rail, it's a shambles. The others I'm open to the idea...
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Wife just booked a return ticket to London. It was £83 last year and is now £93. Over 10% rise, which she thought wasn't too bad!
 
Yes to essential services like water, gas and electricity. Rail a maybe if it was used to get more people off the roads.

I would even countenance subsidies for rail to help people stay off the roads.
 
malg said:
According to a leaked memo they won't be paying market value. They will negotiate with shareholders taking into account state subsidies, pension fund deficits and asset stripping since privatisation. They'd offer £20bn to the water companies who reckon market value is £44bn.

Yowza!!!!
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The problem they will soon run into is that the shareholders can and will say no. If they try to force it they will get sued. They will have to pay market rate - up front and in full.

They also have to afford the national debt - if they nationalise it wont just go up in terms of the capital outlay. It will go up as the market would see UK Gove debt as much higher risk and therefore the price increases. In short our national debt costs would soar.

If they use QE to reduce the debt then you drive inflation. Inflation tends to bring down governments.

PS i'm a former Labour voter. I am in favor of nationlising when it suits and when a proper regulated privatised industry fails. I don't agree with it as an ideology. They should try to regulate and clean it up first.
 
malg said:
Rail, water, gas, electric and Royal Mail.
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Obviously yes from me..... but its not just about political ideology ... i believe that we should control our own

  • Steel Manufacture (imagine trying to build tanks in a time of conflict and asking China for the steel )
  • Water
  • Power - Gas / Electric & renewables (that way we could actually achieve our climate change targets)
  • Prison & Probationary service (I know a lot of people don't believe these are privatised but they were)
  • Border Control
  • NHS
  • Post Office (turn it into a 'National' bank as well)
  • Transport (Rail / Buses ... /Metros etc)
  • We should also terminate all PFI as they are 'unfair contracts'
  • Social Care


It just makes sense (after Carillion / Interserve / Capita / Stagecoach / Virgin cockups) that all of your essential services are not owned or controlled by inept or greedy business' or a foreign country (all of which can hold you over a barrel)
 
Gaudion M said:
The problem they will soon run into is that the shareholders can and will say no. If they try to force it they will get sued. They will have to pay market rate - up front and in full.

They also have to afford the national debt - if they nationalise it wont just go up in terms of the capital outlay. It will go up as the market would see UK Gove debt as much higher risk and therefore the price increases. In short our national debt costs would soar.

If they use QE to reduce the debt then you drive inflation. Inflation tends to bring down governments.

PS i'm a former Labour voter. I am in favor of nationlising when it suits and when a proper regulated privatised industry fails. I don't agree with it as an ideology. They should try to regulate and clean it up first.
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Its not just about capital outlay though ... That will be offset by revenue income. Don't forget that the majority of privatised business' are profitable (the greedy fuckers hand them back if they're not)
 
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