Nationalization Is The Future?

finacial markets

When it comes to discuss about the global economy crisis the question about finance always comes up: how can a nation put a stop to the economic power of a multinational financial entity?

This is a peculiar type of asymmetrical warfare; a state, no matter how big it is, can’t compete against a multinational subject of the financial battlefield. If a nation tries to enforce a harder regulation system on its markets finance cartels simply withdraw their money from that markets and the nation’s economy sink like a paper-made Titanic. If the market regulation are too lose, just like today, the finance operators simply do what they want and the nations’s economy is always at stake.

It’s a matter of virtual money, trillions upon trillions of USD based on nothing whose weight is more than enough to strain every economy model, with a level of daily transactions on the world markets that are beyond imagination. National laws have been twisted as well under the never-ending efforts of lobbyists, until every control instrument issued by nations or International organization has been marginalized.

Who can react to such a situation? The USA? Not at all, the Delaware is a fiscal haven and a number of foreign territories that are american protectorates (i.e. Aruba) are in the same situation. The UK? No way, they create a number of special territories thru the years (Man, Jersey, Guernsey, Gibraltar) directly under their flag and were instrumental in the rise of other money havens like Bahamas. Russia and China are far too corrupted to even try to do anything, Japan simply cannot hold ground against the will of operators like Nomura Bank. No, it’s far too late for a better regulation against finance.

nationalization

The battle is not over, there’s another way to win against multinational cartels. It’s high time to go back to real economy, to a critical mass of money strictly related to real things.  A nation should be able to guarantee to every citizen the access to its infrastructures and to the basic services. I’m talking about water, energy, natural gas, railroads, freeways, airports, ports, telephone lines, wireless net access. It’s about to have policemen and firefighters on the line of duty, to have public hospitals and a public school system. The existence of nations is based on the need for a common good, we have to remember it.

We have to withdraw, if needed, the grants given to private operators if they work against the common good. If the basic rights of our people are put on danger our nations must act against who caused that peril. It’s a war. It’s the same line of thought that drive us to strike at terrorist whenever we find them. The logic of money profit over everything else has failed – we all know that for sure. So we have to ask to our lawmakers to show some spine and get back the control of basic infrastructures to those who built it in the past. We pay everything with our taxes, we want it back.

2 thoughts on “Nationalization Is The Future?

  1. Vast amounts of money are kept off-shore and go untaxed. Countries cannot afford to lose these tax revenues. The more we do to combat tax fraud and evasion, the more resources we will have to finance growth-enhancing public investment, restore the health of public finances, and put the euro area economy back on a sustained and long-term recovery.

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