[Peace-discuss] [Peace] My plea, related to the Yellow Vest movement in France

[C G Estabrook]

Why not nationalize major industries and run them in the public interest rather than in the interest of the stockholders’ profits? The stockholders can be paid in long term government bonds - so long as a progressive wealth tax is instituted.

The Obama administration had a chance to do that with the US automotive industry - but instead bailed out the stockholders and restored their profits and control. (I assume you condemned that at the time, Ron?)


> On Dec 9, 2018, at 7:51 PM, Szoke, Ron via Peace-discuss <peace-discuss at lists.chambana.net> wrote:
> 
> Recently, with advancing age, I have become softer on half-measures that seem to offer some actual real-world possibility of "progress,” as I would view it.  One is a program of government (public) ownership of a controlling percentage of stock of major corporations in basic industries.  
> 
> That is not a panacea, of course, & I expect to receive within minutes a torrent of denunciation along the lines of “That’s stupid & crazy!  It won’t work!  It can’t be done!  It would have all kinds of unanticipated horrible consequences!”  etc., etc.   And those would be the most rational ones amid the obscene insults & accusations.
> 
> I once heard  that the French government owns (or owned) a sizable chunk of Renault.  Have no idea whether this is true, & whether it exempted the Renault workers from the uprisings of 1968 & 2018.  Can someone enlighten me/us on this?  
> 
> Or shall we stick with our usual “Who do we traduce & BLAME?” & the standard sneer-jeer-smear routine?
> 
> ~~ Ron
> 
> <Maxine Waters.jpeg><Trumps digital exam.jpeg>
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