Maybe its a play on words or context but whilst I don't believe in nationalisation (mainly due to unions or waste) I do believe that a not for profit organisation would be a step forward.
The problem with mutuals and state owned is you have to think of a way of replacing the stewardship role provided by shareholders.
If you can solve that it ought to work very well.
Of course we spent 300 years building a mutually owned banking industry only to see it destroyed in 10 yrs in an inferno fuelled by money lust.
the only bank to be nationalised in the last 20 years was bearings for 1 pound with enormous debts paid by the taxpayer. no bank has been nationalised in the last five years including northern rock, their liabilities have been socialised/nationalised. state/taxpayer ownership is politician and media spin.
when britain had nationalised industries, they were nationalised with taxpayer compensation to industries that would have gone bankrupt in private ownership and there respective shareholders would have recieved nothing. they were nationalised and run as milking houses in the interests of private capital by the same captains of industry.
the privately owned train and bus services in britain recieve more in subsidies even taking account of inflation than the previously nationalised services did.
you pay more taxes direct and indirect than you ever did for less than you ever recieved since 1947.
keep paying your taxes till you have nothing left and keep the top 2% in the lifestyle they are accustomed to. keep paying for wars and derivitives till you drop and do not protest. do not question the explainations from your masters and all will be well.
blame your neighbour and the unions. blame the immigrants and foreigners. blame the greeks, the irish, the italians, the spanish, the portugese, all the lazy phuckers and people on benefits and keep watching football and x factor. but i do talk crap