Comments on: The problem with nationalisation http://timworstall.com/2008/10/09/the-problem-with-nationalisation/ It is all obvious or trivial except... Sun, 12 Feb 2012 10:43:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Roger Thornhill http://timworstall.com/2008/10/09/the-problem-with-nationalisation/comment-page-1/#comment-22646 Roger Thornhill Fri, 10 Oct 2008 09:09:53 +0000 http://timworstall.com/?p=4494#comment-22646 Tim, Absolutely spot on. This is precisely my immediate reaction. Once they get their claws in, they will, they MUST control it, as otherwise they would be failing in their (perceived) responsibility to the taxpayer. Let the lobbying begin. All the insidious maggots, special interests, moonbats, axe-grinders, bleedin hearts and Polly Toynbee will crawl out of the woodwork. With such control over banks, who is not to say they can force the use of the National ID Card in any form of transaction on the high street and all manner of other meddling. I have said elsewhere that if they are going to inject, buying shares is the least bad way to do it, but it comes with such enormous downsides. The State is a monopoly and like a hammer, it sees only nails, it wants only nails. It wants monopolistic control, not plurality. Unlike private companies operating in a truly free market (note: we do not have one), the State can use the law to force its monopolistic ambitions. Pte Frazer, your queue... Tim,

Absolutely spot on. This is precisely my immediate reaction. Once they get their claws in, they will, they MUST control it, as otherwise they would be failing in their (perceived) responsibility to the taxpayer. Let the lobbying begin. All the insidious maggots, special interests, moonbats, axe-grinders, bleedin hearts and Polly Toynbee will crawl out of the woodwork.

With such control over banks, who is not to say they can force the use of the National ID Card in any form of transaction on the high street and all manner of other meddling.

I have said elsewhere that if they are going to inject, buying shares is the least bad way to do it, but it comes with such enormous downsides. The State is a monopoly and like a hammer, it sees only nails, it wants only nails. It wants monopolistic control, not plurality. Unlike private companies operating in a truly free market (note: we do not have one), the State can use the law to force its monopolistic ambitions.

Pte Frazer, your queue…

]]> By: john cramer http://timworstall.com/2008/10/09/the-problem-with-nationalisation/comment-page-1/#comment-22633 john cramer Thu, 09 Oct 2008 22:07:33 +0000 http://timworstall.com/?p=4494#comment-22633 Nationalisation is an excellent way of gaining more political power. jobs for the lads etc. But is it not traditional for nationalised industries to promptly go on strike. Nationalisation is an excellent way of gaining more political power. jobs for the lads etc.
But is it not traditional for nationalised industries to promptly go on strike.

]]> By: Banditry » Blog Archive » Modest proposal http://timworstall.com/2008/10/09/the-problem-with-nationalisation/comment-page-1/#comment-22617 Banditry » Blog Archive » Modest proposal Thu, 09 Oct 2008 12:58:16 +0000 http://timworstall.com/?p=4494#comment-22617 [...] W has an excellent idea for getting the bank bail-outs off the government’s books: Gummint invests £50 billion in [...] [...] W has an excellent idea for getting the bank bail-outs off the government’s books: Gummint invests £50 billion in [...]

]]> By: Chris Gilmour http://timworstall.com/2008/10/09/the-problem-with-nationalisation/comment-page-1/#comment-22606 Chris Gilmour Thu, 09 Oct 2008 11:01:43 +0000 http://timworstall.com/?p=4494#comment-22606 Can we do something about the excessive bank charges, for going over your overdraft, etc, now that we own them? Can we do something about the excessive bank charges, for going over your overdraft, etc, now that we own them?

]]> By: Tom Bates http://timworstall.com/2008/10/09/the-problem-with-nationalisation/comment-page-1/#comment-22604 Tom Bates Thu, 09 Oct 2008 10:51:49 +0000 http://timworstall.com/?p=4494#comment-22604 Does this mean we can all write to the banks and them how much they owe us and charge them £35 each for the privilege ? Does this mean we can all write to the banks and them how much they owe us and charge them £35 each for the privilege ?

]]> By: Mark Wadsworth http://timworstall.com/2008/10/09/the-problem-with-nationalisation/comment-page-1/#comment-22592 Mark Wadsworth Thu, 09 Oct 2008 09:32:59 +0000 http://timworstall.com/?p=4494#comment-22592 Here's a cunning plan. Gummint invests £50 billion in new bank shares. AIH, gummint spending is about £50 billion per month. Solution: for the next one month, all public sector salaries, welfare and pensions payments etc will be paid in bank shares! That's that fixed. Next. Here’s a cunning plan.

Gummint invests £50 billion in new bank shares.

AIH, gummint spending is about £50 billion per month.

Solution: for the next one month, all public sector salaries, welfare and pensions payments etc will be paid in bank shares!

That’s that fixed.

Next.

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