We are a socialist state now!!

iamesbo

oldwiring wrote: »

And U.S is doing exactly the same! I think it is an exaggeration to say we are a socialist state, as there is no long term intention to control the means of production etc etc. However there are times like these, when survival means that control has to be assumed by the state. It happened between 39 and 45.

They control the companies life blood money, what more control do they need?

Chrismaths

I for one am looking forward to receiving my Trabant in 10 years' time!

innovate

iamesbo wrote: »

They 'own' those companies access to capital.
If a company is not doing as it wants it can just pull the plug on it's credit line and effectively cripple it.

He who pays the piper calls the tune.

think you misunderstood me - I am talking about the thousands of companies that aren't banks.

However, I have just read a reader comment in a NY Times blog, where someone states that all european states are socialist states. Suppose that decisively proves your observation is correct, and I apologise for not having seen the light.

1echidna

Unrestrained socialists demanding state control and interference in just about everything and blood in tooth and claw capitalists demanding that the market rules everything and let the weak go to the wall - I say a plague on both your houses. We live in, I hope, a balanced mixed economy which varies according to the demands of the times - long may it continue!

1sue23

Can the gas companies be next please.?

Nomad25

receiving my Trabant
[/QUOTE]

what does this mean?

iamesbo

Chrismaths wrote: »

I for one am looking forward to receiving my Trabant in 10 years' time!

Well you have to wait for a car which handles better then the Mercedes-Benz-A-Class and on average last 28 years, considerably more then your Ford Rust-bucket :rotfl::rotfl::rotfl:

richardlionheart

yes make the Bankers drive Trabants :j

http://trabant.shocauto.com/trabant_history.htm

Nomad25

................

qamwc1

Despite all the sound-bite reporting by our media - the government does NOT as at today own 60% of RBS. RBS will be free to raise the capital from other parties and there are reports that the market might be happy to buy RBS shares at the current price. If there is a sizable take up by the market then the government may not own 60% but it may be less than 50%.

What all the banks have agreed to do is increase their capital to an agreed number and the government will give them that money if they cannot raise. If they take government money then the strings attached will kick in.