The Long Run

Nationalising banks is the best option – The Irish Times – Fri, Apr 17, 2009

We do not make this recommendation from any ideological position. In normal circumstances, none of us would recommend a nationalised banking system. However, these are far from normal times and we believe that in the current circumstances, nationalisation has become the best option open to the Government.

Thing is, if you survey world economic history over the last 250 years or so, as I do every morning before having my organic Weetabix, it becomes pretty clear that capitalism doesn’t do normal.

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