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>All bailed out companies should be nationalized to some extent Is there an example of nationalized company that operates in free market and still manages to t

>All bailed out companies should be nationalized to some extent Is there an example of nationalized company that operates in free market and still manages to turn a profit for the investors(citizens). I wouldn't make an investment in usps or amtrak as a citizen with profit motive as a tax payer.

lonelappde 7y ago
Nationalised companies like USPS and local utilities turn a profit for the customers and externalities to promote the general welfare, as it should be.
sadfklsjlkjwt 7y ago
Equinor (formerly Statoil) does fairly well for Norway.
- adventured 7y ago
  The reason Norway does well with oil in a socialized manner is because their oil per capita is extreme, and the action of extracting and exporting oil from a well-known oil zone is a predictable industrial activity (prices are the primary wild card that you adapt to). It's among the highest per capita oil production in the world. That is not a scenario that replicates to our incompetent Congress managing airlines for a couple hundred million people, and such that the airline finances are a rounding error for the American people (annual checks for maybe $20 per adult), while we shovel more complexity and bloat on the Congressional plate (when they're not doing their job well as it is; do not give them anything else to manage that isn't absolutely necessary). The better way is to implement payback / return requirements for any bailout. There is a good reason why Norway doesn't lead the world in very many things industrially, a reason why there are not plentiful other examples out of Norway of this model working.
dboreham 7y ago
Yes but not many because Chicago School Economics says you immediately privatize them in that case.
dasil003 7y ago
This line of thinking is the worst sort of ideological nonsense: the tax payers are bailing out a failed company with their own money, but because that bailout is administered by the government, which is, a priori, hopelessly inefficient, we dare not ask for anything in return lest the government really screw things up? In case you didn't notice, these companies are already failed, and we're bailing them out. You're not "investing in them with a profit motive", you are forcibly having your tax dollars transferred to them. It's ridiculous that we would do so without any upside on the recovery. This is corporate welfare plain and simple. The really shocking thing is how our corporate oligarchs in American have turned "nationalize" into such a dirty word that regular people reflexively dismiss it as if it were Stalinist communism.
- dominotw 7y ago
  Its not a 'line of thinking' , it was an interpretation of parent comment 'getting a return on their tax dollars' in terms of pure monetary profits. Because thats the usual interpretation of ROI when someone buys a stake in a private company. You are ranting about something irrelevant, if thats the case, what does this have to do with stalin. Maybe gp meant different, i don't know.

lonelappde 7y ago

Nationalised companies like USPS and local utilities turn a profit for the customers and externalities to promote the general welfare, as it should be.

sadfklsjlkjwt 7y ago

Equinor (formerly Statoil) does fairly well for Norway.

adventured 7y ago
The reason Norway does well with oil in a socialized manner is because their oil per capita is extreme, and the action of extracting and exporting oil from a well-known oil zone is a predictable industrial activity (prices are the primary wild card that you adapt to). It's among the highest per capita oil production in the world. That is not a scenario that replicates to our incompetent Congress managing airlines for a couple hundred million people, and such that the airline finances are a rounding error for the American people (annual checks for maybe $20 per adult), while we shovel more complexity and bloat on the Congressional plate (when they're not doing their job well as it is; do not give them anything else to manage that isn't absolutely necessary). The better way is to implement payback / return requirements for any bailout. There is a good reason why Norway doesn't lead the world in very many things industrially, a reason why there are not plentiful other examples out of Norway of this model working.

dboreham 7y ago

Yes but not many because Chicago School Economics says you immediately privatize them in that case.

dasil003 7y ago

This line of thinking is the worst sort of ideological nonsense: the tax payers are bailing out a failed company with their own money, but because that bailout is administered by the government, which is, a priori, hopelessly inefficient, we dare not ask for anything in return lest the government really screw things up? In case you didn't notice, these companies are already failed, and we're bailing them out. You're not "investing in them with a profit motive", you are forcibly having your tax dollars transferred to them. It's ridiculous that we would do so without any upside on the recovery. This is corporate welfare plain and simple. The really shocking thing is how our corporate oligarchs in American have turned "nationalize" into such a dirty word that regular people reflexively dismiss it as if it were Stalinist communism.

dominotw 7y ago
Its not a 'line of thinking' , it was an interpretation of parent comment 'getting a return on their tax dollars' in terms of pure monetary profits. Because thats the usual interpretation of ROI when someone buys a stake in a private company. You are ranting about something irrelevant, if thats the case, what does this have to do with stalin. Maybe gp meant different, i don't know.