[Peace-discuss] socializing an industry -- good but also bad

[Brussel Morton K.]

James Watt, under Reagan, was trying to destroy the government's  
ability to manage the interior department's obligations (as in  
National parks) for the advantage of his corporate friends in such  
industries as mining and timber.  That is therefore not an apt  
example. --mkb



On Dec 10, 2008, at 5:53 PM, Karen Medina wrote:

>>   Amen to all that!, and I'd add to the list "food,
>>   energy and essential services" health insurance, the
>>   railroads. The profit motive (capitalism) in
>>   "essential institutions or industries" is not one
>>   which can be trusted to lead to the best and most
>>   efficient services for all the people, and which
>>   will lead to a sustainable society.    --mkb
>
> Car industries too?
>
> Banks, I kind of like that idea.
>
> I'll just point out that horrible things can happen to natural  
> resources in the hands
> of the wrong executive (James Watt was a horrible Secretary of the  
> Interior).
>
> What is to keep a state owned industry from being mismanaged the  
> same way?
> Schools, for example, are being mismanaged. FEMA.
>
> -karen medina
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