Comments by "Alan hat" (@alanhat5252) on "A Different Bias"
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@boxtradums0073 the problems you're talking about re: nationalized industries aren't problems of nationalized industries, they're problems of politics.
Yes, there were bloated payrolls at times but that was because that's what the Government of the day wanted, it wanted to keep the Dole queues short. It worked too & didn't harm the economy & improved public finances because all of it works on the circulation of money, the Taxman chips off a few percent as it flows by. Having huge amounts of money in very few hands means most of it isn't circulating past the Taxman to be syphoned into the Public Purse, indeed much of it is squirreled away in the Cayman Islands.
Nowadays we're seeing huge distortions in corporate structure, the NHS is a good example, it's mostly private enterprise now but the funding structure means that there's well over 100,000 front-line medical staff absent but the layers of management are absolutely ridiculous. When it was set up the Ministry of Health ran a small Inspectorate to check nothing was getting out of line & the Ministry's main jobs were rubber-stamping invoices & commissioning infrastructure. The next layer was Regional Health Boards doing mostly policy work ensuring even coverage & administering GPs. Then there were hospitals, the management of which was a Matron (or Senior Male Nurse) & a small accounts office. Doctors & practitioners were hired in by Matron. Matrons were nurses who had worked their way up through the ranks. Political meddling, particularly since 1979, has totally corrupted this simplicity & the expense is phenomenal.
Pickfords was an excellent example of nationalization, Government barely meddled at all, they were nationalized for the duration of WWII because they controlled most of the traffic on the canals & traffic priorities needed at least oversight. Nationalization also meant that sunken boats & bombed canals were dealt with more quickly because the Army could assist without consulting banks.
The obvious solution is to establish nationalized companies as Crown Commissions & the legislation around them made to prevent political meddling. Probably the best example is the Crown Estate (the source of funding for the Monarchy), it's been running just fine for centuries & to this day still provides day-to-day funding for the Monarchy (despite 86% of it going to Government)
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