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