Benefits of a Mixed Economy

Some things are logically to owned by the public and controlled by the government for the good of all. These include the natural monopolies of the water, gas, electrical and telephone utilities, public roads and the mainline railways. It is also very important for the crucial coal, oil and metals industries to be governed according to the public interest. For some things common sense dictates that the government should engage in for the well being of the people include the manufacture of medicine, aeronautics, trains, buses, arms and defense supplies, yet there is no reason that others should not operate making these things too. In addition a strong case can be made for the government to be a/the major land owner and to facilitate the use of that land in the interests of the people. Most things however should be privately owned or owned by cooperatives, guilds, friendly societies and mutual organizations of a benevolent basis. Unknown
My Scottish Labour Party is a crusade – to fight poverty, inequality and injustice. Johann Lamont
The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn’t deliver the goods. In short we dislike it, and we are beginning to despise it. John Maynard Keynes
Socialism’s not a word that I use. I say ‘social democracy’ because I don’t think the government needs to own all the means of production. David Cunliffe
All the mega corporations on the planet make their obscene profits off the labor and suffering of others, with complete disregard for the effects on the workers, environment, and future generations. As with the banking sector, they play games with the lives of millions, hysterically reject any kind of government intervention when the profits are rolling in, but are quick to pass the bill for the cleanup and the far-reaching consequences of these avoidable tragedies to the public when things go wrong. We have a straightforward proposal: if they want public money, we want public control. It’s that simple.” Michael Hureaux-Perez
“The merits of nationalization do not stand or fall with the efficiency or inefficiency of existing state departments as administrators of industry.” RH Tawney
Capitalism...“the astonishing belief that the nastiest motives of the nastiest men somehow or other work for the best results in the best of all possible worlds.” John Maynard Keynes

4 thoughts on “Benefits of a Mixed Economy

  1. Privatization has overwhelmingly been a dismal failure that didn’t bring a quarter of the promised benefits and lead to a plethora of problems from reduced pay and worker rights, to sky rocketing and unjust profiteering from the privatized utilities.

    Despite the best efforts of the tools of the greedy rich Neoliberalism is dying because the 99% have started to realize how they have been conned.


  2. If Labour commanded a reasonable majority in 2020 and had its plans sorted out before the election victory it could hammer a series of bills through rapidly excising the legislative paper-chase of three decades of incremental neoliberal cancer as well as pushing through a formal British Constitution enshrining the status of this country as a Social Democracy (they could tie so many safeguards into it and amend so many existing pieces of legislation to fit in with and arrange things so that so many people had a strong personal interest in maintaining it that it would be a nightmare for any later Tory government wishing to pull it all apart and drag us back to neoliberal iniquity).

    At the same time a civilized benevolent British government with big balls could print a large pile of Sterling greenbacks to compensate the beneficiaries of privatization when rail, water, gas, electricity, the telephones including new mobile systems, British Airways, Royal mail etc would be put under public ownership in a smooth process without upheaval (ownership changes, but the key management and organizational structures stay the same – any changes being gradual).

    Simple renationalisation, however, is vulnerable to yet more sell offs, a safer alternative is to establish the renationalized utilities as mass membership (totally independent from government) Cooperatives with strong (belt and braces) legal protection mechanisms to keep them safe from the soft grubby hands of the next pirate government to lie its way into Downing street.


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