Comments on: Subsidising the oil companies http://timworstall.com/2009/07/28/subsidising-the-oil-companies/ It is all obvious or trivial except... Sun, 12 Feb 2012 10:09:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: The Great Simpleton http://timworstall.com/2009/07/28/subsidising-the-oil-companies/comment-page-1/#comment-32809 The Great Simpleton Tue, 28 Jul 2009 12:22:40 +0000 http://timworstall.com/?p=8931#comment-32809 Wasn't that supposed to be the model for nationalised industries as well? In the 70's they took all the money out of what we now call BT, but when it came to replacing the rackety old Strwoger and Crossbar exchanges at the end of the decade the economy was in such a mess that we couldn't afford it. Hence the Tories' move to denationalisation. Wasn’t that supposed to be the model for nationalised industries as well?

In the 70′s they took all the money out of what we now call BT, but when it came to replacing the rackety old Strwoger and Crossbar exchanges at the end of the decade the economy was in such a mess that we couldn’t afford it. Hence the Tories’ move to denationalisation.

]]> By: Kit http://timworstall.com/2009/07/28/subsidising-the-oil-companies/comment-page-1/#comment-32807 Kit Tue, 28 Jul 2009 12:17:10 +0000 http://timworstall.com/?p=8931#comment-32807 "progressive corporatism" = "fascism" “progressive corporatism” = “fascism”

]]> By: Ian B http://timworstall.com/2009/07/28/subsidising-the-oil-companies/comment-page-1/#comment-32800 Ian B Tue, 28 Jul 2009 10:20:34 +0000 http://timworstall.com/?p=8931#comment-32800 Surprisingly, the answer is yes. If they got into serious trouble, they'd be Too Big To Fail... and the state would bail them out. The key thing to remember about anglo-statists ("progressives") is they don't want to get rid of the Big Corporations. They just want them under state control and fulfilling a social role. If they earn too much money, the state takes it for socially just spending. If they get into trouble, the state subsidises them. That's how progressive corporatism works. Surprisingly, the answer is yes. If they got into serious trouble, they’d be Too Big To Fail… and the state would bail them out.

The key thing to remember about anglo-statists (“progressives”) is they don’t want to get rid of the Big Corporations. They just want them under state control and fulfilling a social role. If they earn too much money, the state takes it for socially just spending. If they get into trouble, the state subsidises them. That’s how progressive corporatism works.

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