The British government moved swiftly on Saturday to take control of operations at the country’s last large crude steel producing facility, in what appeared to be a major step toward nationalizing the plant.
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They are importing coal from Japan and energy from Norway despite an abundance under our feet and in our seas..their incompetence is staggering..we are governed by imbeciles
Just by the headlines, we should do the same for us if we actually believe in the concept of national security. Sometimes national security rises above capitalism. But it is clear we will give in to capitalism over protecting our country. Thus, our country will fall.
I think nations should nationalize the resources, like iron ore and gold and oil and even water and then charge companies to remove those resources. We probably wouldn't have to pay income taxes if this happened.
They should. The problem is, any charge to a rich person is waivered because the same rich people fund government campaigns. Gotta promise not to raise their costs to get their backing. Legal corruption.
Americans are being bombarded daily with outright lies and misinformation. I don’t think many realize the extent of the damage that is done to their international relationships. Every country is re-evaluating and developing strategies to excel without America as an ally. It will take decades to fix.
I don't think it will ever be fixed - nor should it be. Post WW2 allowing the US to become a (supposedly) benevolent super power is proving to have been a terrible mistake. Local industry & markets may not be as "efficient" but they provide self-sufficiency & a skill base that more than compensates.
The value of our currency is directly tied to us being the most powerful nation and also the most stable. We are going to experience hyperinflation unlike anything we have ever experienced since we created one national currency.
It's the hubris and power that comes with being the global currency. It's a precarious situation with responsibility, you absolutely do not need a cavalier president. Even the most devout follower of Trump should realise this isn't a good thing. But MAGA have too much pride to ever concede that.
They don't understand how it all works and even when I explain it in a way that a 3rd grader would understand, their emotional attachment to their great leader is so great that they refuse to accept it. They think they themselves live in a vacuum and so does this country.
The rest of the world has been mocking America for that mentality, like with the lack of passports and not being able to read an atlas, but we never actually thought it was true. Now we know, I guess?
They are. But I don’t think this decision is directly bc of what’s happening in the US right now. I think they expedited the decision but this was probably a result of COVID & countries being very protective of their resources.
To be fair most of the world (particularly the “west”) has become obsessed with the US. Overly so imo. Our currencies are dependent upon it.
My hope is that slowly we step away from our (unhealthy?) obsession & in a way this a start.
It's only being nationalised because it would not exist if it wasn't. No private companies are willing to foot the bill to keep the industry going. I live in an area hit hard by the mothballing of a steel blast furnace. This is not a bad thing.
Yeah, I generally don’t trust so and so’s uncle to run local mills that impact water sources anyway. Yes, corruption can occur in government, but generally imo in small towns it’s harder to uncover issues with privately owned businesses, and the community will keep problems 🤐
I feel like you should do some research into the industry that's being talked about here, because your initial comment and your reply do not make any sense for the actual issue here. The steel plant is currently owned by a massive Chinese company making billions in turnover and employing 30k+ people
Basically the organisation that owns the steel plant is going to close it. The government are stepping in to keep it open instead. It's not like the government are 'taking' it from the organisation that owns it now. If another private organisation offers to buy it back, the government would agree.
Wtf are you even jibbering on about? This is the best thing that could have happened. Leaving it to the Chinese to just mothball would have been a very very bad idea. Get "NAZIS!!!!" off your brain and focus on the actual story.
I work in regulations and compliance for consumer goods. My best friend works in international relations wet finance. I know *exactly* how much China owns. And sponsors.
Yes I live in Leeds and I know this. It's still infrastructure, just not very effective infrastructure as it's not run with that in mind! Hence London took bus franchises back into centralised control, followed by Grtr Manchester and now I think West Yorkshire is planning the same.
1/ Yeah the skew of funding across the country is very poor. Big example HS2 was cancelled N of Bmghm. That WAS the big infrastructure investment in the N to free up capacity on railway lines and roads across the region & of course N/S thru capacity.
Heart skipped a beat today--a letter from the U.S. Dept of Justice. First thought was they're coming after activists for sedition (am a peacekeeper). What it says is am a potential victim of fictitious fundraising, for the GOP, by a Jason Pallante. No way that happened. Anyone else get this letter?
I think instead of trying to keep obsolete blast furnaces alive, there should be research into making more raw steel from direct reduced iron or with hydrogen or whatever. Basically a process that fits into first-world economic reality where steel is mostly made in small recycling oriented mills.
Well, what if there are even more tariffs so imported steel becomes way more expensive? Then you'll be very happy to have a facility still in your country... But yeah, if we imagine in ideal world where countries hold together world wide, we'd not need such precautions.
It's the very model of a modem major privatisation. Gilbert and Sullivan would be proud of how Public to Private to Public works. "Stick close to the profits and never give any away, and you may all be leaders of the private back to public timing team"
With respect you just got it back off the Chinese who didn't want it cos it was losing money and needed updating at huge expense and they make 70% of the world's steel. It's not just there it happens everywhere. Privatise when there's profit, re publicise when money needs spending and it's losing $.
My points are----- they wait until all that's left out of something is to publically cover the clean up costs to nationalise. And 2. Why not nationalise something that isn't being made cheaper everywhere else in the world.
I was a little babysitter accidentally spilled BB's from my BB gun into the soup she cooked; after dinner sister ran downstairs crying, said I peed a BB; I ran down babysitter said did you pee a BB; "I said no", I was jacking off and accidentally shot through a centerfold picture and shot the dog.
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Our government is run by traitors and terrorists.
My hope is that slowly we step away from our (unhealthy?) obsession & in a way this a start.
You know what maybe we were to Hasty.
Fucking Nazis.
Heck even water, energy, and telecommunications are.
We paid for my local Australian/Spanish owned bus company to by a bunch of new busses.
https://www.plymouth.gov.uk/news/fifty-zero-emission-buses-join-plymouth-fleet-year
Forcing a company losing close to a million a day to continue operating is nuts.
The UK cannot compete on steel with countries like India or China unless they ban imports of steel from those countries.