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    So DT1 - would you nationalise Tesco or Sainsbury, what about famers, is not the food they sell/produce not essentiall for our well being?

    Where would you stop - nationalise the drug companies perhaps?

    This really is a nonsense. Back in the 1970's the nationalised industries were an utter disgrace, costly inefficient producing goods that no-one wanted.

    You mention BT - formerly part of the Post Office. Remember the waiting lists for a phone, what about the choice of phones, the extra you had to pay for a trimphone....they were hopeless and out telecoms were in the dark ages compared to places like the USA. It is only privatisation and getting rid of old restrictive practises, like limitations on what equipment you could plug into a landline that has led to the choice we have now.

    True public ownership is achieved through the sale of shares to individuals, their pension funds and other mutual funds.

    Had a look at the top 10 holdings in my ISA portfolio, all held by my range of Unit Trust and OIEC funds in a worldwide portfolio:
    BP
    SBERBANK
    LUKOIL
    Vodaphone
    AstraZeneca
    Royal Dutch Shell
    OJSC OC ROSNEFT
    Petrolio Brazilio
    Imperial Tobacco
    GlazoSmithKline

    Truly we do have a global economy and I have a stake in the success of that.... A for more relevant and personal stake than I would have in any inefficient and wasteful nationalised industry. The whole point is that such a 'stake' is open and easy for anybody to obtain.

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