With the Party conference season behind us the big idea back on the agenda is, apparently, socialism versus free-markets. Stirring speeches about the return to socialism rang out from Labour in Brighton, to be met by counter-blasts of free market rhetoric from the Tories in Manchester. It was all quite nostalgia inducing for some of us – forward to the 1980s! And, of course, thoroughly specious from both camps.
In reality the debate quickly descended from the lofty heights of imaginary alternative social systems – neither socialism nor free markets have ever existed and are ever likely to – to a rather more prosaic debate about nationalization versus privatization as almost as devoid of serious thinking as it was the first time around in the 1980s. Continue reading “Nationalisation vs Privatisation (Part 93….)”