Quote:
Originally Posted by OLD BOY
Not really. The railways was just an example. They will also nationalise the power suppliers and the list goes on. Where will they find the money? They will just print it. Simples.  |
They don’t have a manifesto yet, as has been pointed out to me so you are just speculating.
Simples is your understanding of macroeconomic theory, as I’ve been pointing all round this forum for months now.
Actually nationalising the railway can be done quite cheaply - the most costly chunk is already state owned - Network Rail.
The franchises can be replaced by state run TOCs as and when they come up for renewal. Saves the risk of the state bailing them out anyway and could reduce costs in the long run with a joined up approach to rolling stock. We could even build the trains here and pay British workers!
Of course your simplistic understanding of socialism vs capitalism wouldn’t comprehend this!