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by kiksy 1306 days ago
RBS was nationalised in the UK in 2008. It's still doing fine.
2 comments
triceratops 1306 days ago
I 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.

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whimsicalism 1306 days ago
Not sure about the GP, but the case that you want to avoid is capital being allocated for political reasons rather than towards productive enterprise.
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