mardi 28 octobre 2008

Now nationalise the oil companies

With BP in plain crisis - its profits have risen by nearly 150% to $10bn - and other oil for profit companies making similar amounts of money, the time has surely come for the governments of the world to rescue them, sack their CEO's and, as unpalatable as it may sound, give the emoney to the tax payer. This sounds like pure 'capitalism', just as the bank bailout was termed 'pure socialism', but sometimes ideology has to be sacrificed to pragmatism.