Cost of living crisis: Nationalisation should be used as threat to force energy companies to pay up – Scotsman comment
Cost of living crisis: Nationalisation should be used as threat to force energy companies to pay up – Scotsman comment
5 comments
Yeeees.
Good type of threat.
Basically “Do as i say or ill take ALL your shit!” Works every time.
Nationalising doesn’t solve the fundamental problem that gas and electricity wholesale prices are high. It would just further bankrupt the state—either through higher debt or higher money printing which leads to even more monetary side inflation. The most the state can do without malign consequences is rationing.
Ah yes, The Scotchman, the paper of the socialist workers wait what
Nationalisation isn’t the answer. European countries manage their utility companies using a combined nationalised / private approach where they’re still a private company, but intensely regulated by the state so that profits are minimised and infrastructure is adequately maintained and developed.
That’s what we need, but good luck getting a Tory to agree to regulating anything. Nationalising these companies now just makes the taxpayer liable – it’d be the ultimate form of ‘privatise the profits, socialise the losses’. If you want to threaten anyone, threaten the executives, directors and whatnot running these companies and giving themselves 6+ figure paydays and bonuses with seizure of their assets and bank accounts.
Threaten them, then do it anyway. Then lock them all up and seize their ill-gotten assets.
Fuck the lot of them.