[lbo-talk] eminent domain

Carrol Cox cbcox at ilstu.edu
Sat Feb 25 09:42:18 PST 2006


Jim Devine wrote:
>
>
> awhile back, I heard a presentation about nationalization of the
> "commanding heights" and the privatization of them by governments in
> the old British commonwealth area. According to the author (and his
> plausible argument), biz benefited from nationalization -- because the
> gov't took turkeys off their hands and paid ample compensation -- and
> then benefited from privatization -- because they were able to buy at
> fire-sale prices.

Kenneth Burke notes that captitalists are always quite willing to socialize a loss.

Carrol



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