In the UK it's always time to nationalise the losses, it's the profits that are privatised.
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Not just the UK
Yes, but the next government will put it on a bigger scale. Maybe it will not cost as much as the banks bailouts, but it will absorb a lot of money and the burden will fall as usual on the middle classes which make the majority of the population. Part of the burden may be deferred by piling up on the government debt, but eventually it will have to be paid by the usual ones.
And yet the middle classes keep voting for the same people who do this, because they're distracted by other issues.
Those other issues are much more readily addressed if the bulk of people (e.g. Those self-same middle class) weren't being taxed so heavily and therefore could afford to live more comfortably.
Such people have financial room in their lives to focus on grander concerns. This is sociology/psychology 101 stuff.
A poor person worried about how to pay the rent gives fuck all about the environment or who's currently thieving from the government.
It's especially interesting when people denigrate the idea of populism, when it's patently clear that our governments are (at a minimum) antagonistic to the average person, and most politicians put Marie-Antoinette to shame. (Yes, "let them eat cake" is probably apocryphal, but today's scum sucking from the government teat have no shame whatsoever).
Private profits, nationalised losses, are what we already have?
This is just an observation of what's happening. As it says the Thatcher cycle is completed, the new cycle is beginning.
Reposted because of an error in the title. It seems you cannot correct wrong titles.