9 ms·
RBS was nationalised in the UK in 2008. It's still doing fine.
by kiksy 4y ago
RBS was nationalised in the UK in 2008. It's still doing fine.
- triceratops 4y agoI didn't say I agreed. I'm just telling you why it didn't happen. FWIW the UK and Canada (and maybe other Commonwealth countries) have had successful examples of public-owned companies. The US has no such tradition and is, therefore, culturally resistant to the idea.
- whimsicalism 4y agoNot sure about the GP, but the case that you want to avoid is capital being allocated for political reasons rather than towards productive enterprise.