Facts and fantasies about public ownership. Don Brind looks at the evidence from abroad
Did you Know? • “In Singapore 20% of GDP comes from state owned enterprises, 90% of land is state owned and 85% of housing is public.” • “48 million Americans, in over 2000 cities and districts, get their electricity from the public sector, at a price on average 12% lower than the price charged by private energy companies.” So, it seems, it’s not just Venezuela that inspires those “Marxists” Corbyn and McDonnell in their ambition to use public ownership as…