Ann Pettifor

Privatisation

The macroeconomic imperative of nationalisation

In Britain as in the US, governments are tackling the corona virus by undertaking actions that force the closure or collapse of companies large and small. To compensate, they are stepping in with subsidies and bailouts. Because millions of livelihoods are at stake these interventions are welcome and necessary. But we must demand more: not …

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Comrade Paulson, nationalised banks & socialism for the rich.

You have to admire the spin.  The US Treasury Secretary, Comrade Hank Paulson, pictured here, announced  today, Sunday 7th September, 2008  that the US government is natonalising two huge US banks, Fannie Mae and Freddie Mac.  Which means in effect that Comrade Paulson is  socialising the losses of the shareholders and investors in these banks …

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