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Nationalisation has been vindicated by reality
British Steel has vindicated what the left has said all along — nationalisation of our key industries is common sense, and it’s the neoliberals who are now clearly the ideologically driven zealots, writes DIANE ABBOTT MP
Cartoon: Lewis
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THE extraordinary session of parliament last Saturday was necessary in order to rescue British Steel. There is little reason to be cheerful, though, as this is a largely half-baked measure and the future of both the company and all the associated jobs remains in the balance.
Most other countries, irrespective of their political ideology, would not dream of letting themselves be put in such a position, and neither should we.
Steel is a vital industry. It is important in itself and is a vital input into other key sectors, including rail, other transport, certain infrastructure, construction, machinery and cars.
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