The Importance of Nationalisation

London Life

The big news this week is the closure of practically the entire steel industry of the UK, it is an exercise in the unfettered corporatism that is so prevalent today. Tata Steel is the single, biggest steel maker in the entire world and has spent the last 10 years or so buying up its rivals in every country. The commodities market has, along with other forms of investment, tanked spectactularly which has meant steel no longer commands the high prices it used to. This along with other factors such as the cost of fuel which is needed in the smelting process has rendered the UK part of the company a loss maker. The action taken by Tata isn’t particularly surprising as with many private companies when the going gets rough private companies pull out. They are never there for the long term, only so long as there is a profit to be made.

Amid the outcry from the 40,000 workers across the UK who stand to lose their jobs and other interested parties, Cameron has said he will not nationalise steel, although everyone will remember the Government (the led by Gordon Brown) was quick to nationalise the banks when they failed. The throwaway line in the media that EU rules forbid renationalisation is absolute rubbish. If the Government can nationalise banks they can nationalise all important industries, steel being one of them.

It is so shortsighted of Cameron, and so typical of a Rothschild that anything that is bound up with making money is worshipped and protected and anything where ordinary people are involved in and make a living from is treated with derision. No doubt when those same workers are claiming unemployment benefit Cameron and the Tories will be quick to call them scroungers and worthless layabouts when it is the worthless layabouts in Westminster who refused to pull their fingers out when needed who caused these workers’ misfortune.

While the so-called “elite” are so busy hanging onto the world they knew and telling us that its business as usual, their world is crumbling. What was true once is not so. The banking industry had £$billions thrown at it and did NOTHING to reform. If you go to the City of London or Wall Street it really is business as usual. The unnecessary risks are still taken with other people’s money without due consideration to the consequences. Stockbrokers are just high end gamblers playing with someone else’s money. They don’t have to worry about the losses. Time and again when the odd few weak links were found out to have lost billions the same story has been told how the top bosses were happy with the losses because the gains outweighed the losses. Its only when they get their fingers burnt they complained.

There are other industries that are more important than the banks and it is really vital for governments to understand that you cannot eat money, you cannot make things out of money. Money is simply a facilitator, a tool, nothing more. It is certainly not the be-all-and-end-all.

Steel is something that is used in so many occupations across the spectrum of human activity from manufacturing vehicles, precision equipment used in science and medicine to aeroplanes, structural supports that make up buildings, enable engineering construction to take place. If we have to rely on steel from other countries to make its way to us there is every probability that it can be delayed, cut back or cancelled for whatever reason. Blaming cheap Chinese imports is not good enough.

Historically the UK has always had a steel industry in the same way the UK always had a ship building industry and a coal industry. The latter two industries have by and large been decimated and the towns and cities that built up around them were also decimated for many, many years. Margaret Thatcher saw to that. In recent years many cities in the North have been regenerated with good architecture and job opportunities, but it took many years for this to come to fruition. This isn’t something that should happen now. The more the UK can produce itself without relying on foreign imports the better. It produces better paid jobs and valuable skills.

I think that is the absolute crux of why successive governments of both shades have allowed skilled jobs to go abroad across so many industries. There isn’t a political party anywhere in the UK that is interested in people having skilled, well paid jobs that allow people to invest in themselves, their families and in their communities. There is always some excuse why its better for another company to take over the manufacture of goods in the UK. There maybe some industries who are unable to invest in better technology, better trained staff, but for the most part industry in all its forms is and should be the lifeblood of a country. The more a country is able to produce goods that are used by local, national and international communities the better. This feeds back into the lives of ordinary people and simply makes sense.

Returning the UK into a feudal society reliant on the goodwill of a few “generous” landowners which is what the Tories want, which is also what the corporatists want will not make us a better society. It is returning to a time of impoverishment and hardship that few of us in the West could appreciate. It is what generations railed, revolted and fought against and something we should honour by ensuring that we go forward rather than backward.

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