Max Sawicky wrote: > Strong taxation plus regulation of a firm/industry at some level > relative to nationalization is a distinction without a difference, or > a difference in quantity rather than quality.
Regulation can be "captured" by the industry being regulated, as with the FCC. On the other hand, a nationalized company might be captured by its government-appointed bureaucrats. The key thing, I guess, is popular pressure to countervail the influence of the big-money people and the insiders. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
