nationalisation

Independent Member for Cairns Rob Pyne has called on the Queensland state government to establish a state-owned insurance office to ease the increasingly unaffordable home insurance premiums in Queensland.

The socialisation of essential services is fast becoming a formidable policy in the “contestable marketplace of ideas”. Nowhere is this more so than with railways and bus services; an everyday service all social demographics touch daily.

British Labour leader Jeremy Corbyn believes nationalisation and socialisation will save millions of pounds a year, get community members back to work, augment sustainable transport and retool British industries.

Australia's Big Four banks — the Commonwealth, NAB, ANZ and Westpac — are the most concentrated and profitable set of banks in the world. These mega-banks are cutting their workforces, while paying their executives huge salaries and bonuses. They should be placed in public hands.

With the Paris climate talks just around the corner it is timely to consider what effective policies to cut emissions might look like. Nationalisation and direct public investment are key policies that have historically been “bread and butter” political demands both for socialists and for the more radical voices within social democratic parties.

Climate activists from the Greens and Labor Environment Action Network should revisit these ideas, as they are a useful alternative to the dead end that is carbon trading.

Direct public investment

In response to the announcement by General Motors from its corporate headquarters in Detroit that it will discontinue vehicle and engine manufacturing and significantly reduce its engineering operations in Australia by the end of 2017, the Socialist Alliance calls for the immediate nationalisation of General Motors Holden (GMH) plants under workers' and community control.

On October 7, the Socialist Alliance adopted as a key focus for its next federal election campaign a call to bring the mining industry and the banks under public/community ownership and control, so they can be run in a way that respects Aboriginal rights, the environment and social justice. The urgent need to address climate change alone demands that these industries be immediately taken out of the hands of the billionaires and their global corporations and operated as not-for-profit public services under the democratic control of the majority.

Venezuelan President Hugo Chavez announced the nationalisation on October 25 of US-based glassmaker Owens-Illinois affiliates, Venezuelanalysis.com said on October 27. The article said this places 60% of Venezuela’s glass bottle industry under government ownership.

A series of problems and challenges are facing the Bolivian government of President Evo Morales, the country’s first indigenous head of state, and the process of change it leads has emerged. There has been a range of commentary on these challenges. Green Left Weekly publishes these two pieces as part of our ongoing coverage of the Latin American revolution. The article below is by Eduardo Paz Rada, editor of Bolivian-based magazine Patria Grande. It has been translated by Federico Fuentes.

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The head of Venezuelan state oil company PDVSA said on June 24 that the government is to nationalise 11 oil rigs previously operated by a US petroleum firm. This comes after the company, Helmerich & Payne, closed down production and refused to negotiate a new services agreement.

PDVSA president Rafael Ramirez said the nationalisation would “boost domestic production of hydrocarbons and strengthen the policy of full oil sovereignty”.

To guarantee access to essential foods amid price inflation and supply shortages in some items, the Venezuelan government recently nationalised a major flour producer, granted low-interest credits to small and medium-sized producers, opened new subsidised food markets, sanctioned price speculators and hoarders, and is in the process of reforming its land reform law.

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