The nationalisation of the banking system Friday, October 03, 2008
Watching the rapid and widespread expansion of the State into the banking sector in so many countries is simply astounding. Free market countries including Iceland, the Netherlands and Britain have all nationalised banks, with other countries propping up financial companies via direct investment, loans or guarantees.
This is going to put a huge strain on national finances and will reshape the financial landscape for ever.
Readers of Marx will be forgiven for assuming policy makers have been followers of his.
- At 11:30 PM, Kristoffer Lawson said...
There are opportunities here too, though. I recommend you read the three-part blog series by Neil Robinson, and not just because (quite by chance, no connection) Scred was mentioned as a company taking part in this change: