Nationalised industry question

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You, obviously. Don't let facts get in the way of your rant. (y)

Venezuela is in a mess due to corruption more than socialism.

However Corbyn and his sidekicks are blindsided by their rigid belief in socialism and only want to see the good in these leaders, for example: Hugo Chavez and Fidel Castro.
 
If Labour end up in govt and ultimately nationalise everything,what stops the (UK) ending up a mess like Venezuela?
One could say the same thing if the UK crashes out of the EU without a deal!

But back to the OP
did any of the old industry's that were state owned in the 70's ect ever produce a financial surplus to the owners / government
Asfaik the way figures were compiled back then bear no relation to how they are done now.

But then does a public service have to 'produce a financial surplus'?
Many other countries seem to think that a public service should be run for the public and paid for by all.
(overall support for the principle of the NHS is high, so why not the same fervour for other services?)

But a more recent example is rather interesting.

The East Coast line.

A burden on the taxpayer when in private hands, but a contributer to the public purse when nationalised...
And it has been widely reported that customers were happier with the service when not in private ownership!

Since that report there has been another private/public ownership flip-flop with the same old result looking likely!

Linky

"This is the third time a franchise on the East Coast Main Line has failed."

And yet political/corporate ideology means it will be privatised yet again!
 
Venezuela is in a mess due to corruption more than socialism.

However Corbyn and his sidekicks are blindsided by their rigid belief in socialism and only want to see the good in these leaders, for example: Hugo Chavez and Fidel Castro.
Corbyn has actually pointed out the flaws in both of those characters...

But maybe you might like to tell us why tory leaders and their sidekicks are 'blindsided by their rigid belief in exploitative capitalism', and idolise Thatcher/Reagan and their policies?
 
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Venezuela is in a mess due to corruption more than socialism.

However Corbyn and his sidekicks are blindsided by their rigid belief in socialism and only want to see the good in these leaders, for example: Hugo Chavez and Fidel Castro.

So we have Corbyn on the hard left and Rees Mogg / Gove etc on the hard right and we are stuck in the middle. RM is actually is closer to power than Corbyn and his views and opinions are lunacy.

The country needs saving from this madness. You do not implement macro experiments on industrialised nations because of ideology or belief.

Read the economic history of the economic experiments in the latin countries.
 
Corbyn has actually pointed out the flaws in both of those characters...

Paid lip service to their flaws, you mean.

Its a bit like his 'I condemn all terrorism', whilst supporting Hamas for many years but doesnt condemn them specifically because he doesnt see them a terrorists.

Same thing with his tweets about Fidel Castro: 'a champion of social justice'
 
Paid lip service to their flaws, you mean.

Its a bit like his 'I condemn all terrorism', whilst supporting Hamas for many years but doesnt condemn them specifically because he doesnt see them a terrorists.

Same thing with his tweets about Fidel Castro: 'a champion of social justice'

We are supporting all kinds of unsavoury characters in Syria - but as they fight for our interests we can't call them terrorists. :mrgreen:

The obsession with Corbyn. What's the worst he could do? :ROFLMAO:
 
The obsession with Corbyn.
Yes notchy does seem to have a bit of an obsession with him...

Probably why he wouldn't answer, "maybe you might like to tell us why tory leaders and their sidekicks are 'blindsided by their rigid belief in exploitative capitalism', and idolise Thatcher/Reagan and their policies?" ;)

We are supporting all kinds of unsavoury characters in Syria - but as they fight for our interests we can't call them terrorists.
Indeed!

I seem to recall us supporting the 'brave mujahideen'...until they became the Taliban!

We even lauded and supplied Saddam Hussein once...

Just as we continue to do with the Saudis!
 
We are supporting all kinds of unsavoury characters in Syria - but as they fight for our interests we can't call them terrorists

A diversion from the point,but anyway, Im not sure there is any potential good outcome possible in Syria......
 
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