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> My preferred intervention would have been to nationalize the companies and fire all the executives. ...and replace them with politically-connected cronies? T
by ahomescu1 12y ago
> My preferred intervention would have been to nationalize the companies and fire all the executives.
...and replace them with politically-connected cronies? That's what usually happens for nationalizations.
- crdoconnor 12y agoDidn't happen in Sweden. They followed this policy successfully and it worked out great for them (back to growth a year or two later; banks healed).