nationalisation

The scale and scope of government measures to deal with the COVID-19 crisis have shattered long-held neoliberal dogmas, writes Dave Holmes.

As public transport usage collapses, the private operators of Melbourne’s public transport system are seeking a “rescue package”, reports Chris Slee.

Jim McIlroy reports unions are angry that Qantas has been handed a hefty bail-out while workers have been left on the scrap heap.

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.

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