Today the world is dominated by 30 financial corporations that hold more than half the shareholdings of its corporate giants. And they follow the logic of finance capital – the logic of money.
State governments are now seeking to maximise the price of privatised assets by adding sale terms that restrict competition for the future private owners. That amounts to a hidden tax on consumers.
The new Labour leader has been pilloried for extolling public ownership. In fact, he's bang on trend.