Sanders Calls for Nationalization of Energy Production

[Todd]

I can see a time in the future where your home heating and air controls are centrally controlled at some station.

"Sorry comrade, but your city's local temperatures warrant mandatory home cooling be set at 78%. We may lower it to 76% during the heat wave."

This is the way it is set in many public sector buildings nowadays. Sometimes when those places are unoccupied they turn the heat down or off altogether. Forget about AC ever being set below 75.

[juleswin]

First of all it hasn't worked at all for Russia or Iran. What are you talking about? Russia has currency problems every time the price of oil falls. https://www.investopedia.com/ask/ans...as-economy.asp Iran is so poor and unproductive that they have import gas. I guess it works for Saudi Arabia, if by works, you mean concentrate all the wealth in the hands of a few tyrants that have perpetual power over their country.

It probably works in Norway. It works in a country that is half the size of metropolitan Chicago. Central planning has worked in a few very small well run countries. It has failed in the other 98% of countries that use it extensively.

Imagine you would have used a different approach to answering my question, like the Russia govt hold a majority share in their oil company so it's isn't technically govt owned but partially owned. But you are wrong about Russian, their oil and gas production and export has been rising for years not and it is the only thing keeping the country alive. Don't know much about Iran but the problem they are going through has very little to do with who owns their oil company and a lot to do with the sanctions by everyone on the country.

[nikcers]

Imagine you would have used a different approach to answering my question, like the Russia govt hold a majority share in their oil company so it's isn't technically govt owned but partially owned. But you are wrong about Russian, their oil and gas production and export has been rising for years not and it is the only thing keeping the country alive. Don't know much about Iran but the problem they are going through has very little to do with who owns their oil company and a lot to do with the sanctions by everyone on the country.

Wrong. Countries that nationalize their energy subsidize their other industries with energy profits so they don't innovate as much, they don't respond to market pressures and the industries that are subsidized get extorted by corrupt government officials and are full of fraud, bribes and don't have competition.

[Anti Federalist]

It worked in Libya even as the US were sanctioning it. It fell apart once the bombs started falling. Next thing you know, AF would tell me the Libyans are white

It worked in Libya, if you can call it that, because, as I have noted many times, a hard assed dictator kept a tight leash on all the diversity.

[Sammy]

I have said for years that Bernie sanders is a communist.And now we have finally the evidence!

[Occam's Banana]

Definitely goes here, too ...

And this goes here ...

https://www.youtube.com/watch?v=0B61_5sRoBI

[Stratovarious]

I have said for years that Bernie sanders is a communist.And now we have finally the evidence!

Bernie is a 'long admitted' socialist, communist isn't much of a stretch , that's probably his first love.

[Krugminator2]

Imagine you would have used a different approach to answering my question, like the Russia govt hold a majority share in their oil company so it's isn't technically govt owned but partially owned. But you are wrong about Russian, their oil and gas production and export has been rising for years not and it is the only thing keeping the country alive. Don't know much about Iran but the problem they are going through has very little to do with who owns their oil company and a lot to do with the sanctions by everyone on the country.

The average monthly income in Russia is $291. https://blogs.elenasmodels.com/en/av...cember%202015. Really working great there. I can only imagine how much more prosperous it would be if the government owned everything. In fact, I don't have to imagine. 30 years ago the government did own everything and the Soviet Union was a big success. As Bernie Sanders says, breadlines are a good thing.

[Swordsmyth]

Yup, in a tiny country with a tiny population of homogeneous and sane white folks.

And it still turns them into government dependents.

[Swordsmyth]

It worked in Libya even as the US were sanctioning it. It fell apart once the bombs started falling. Next thing you know, AF would tell me the Libyans are white

It "worked" just like in Saudi Arabia to prop up a dictatorial regime and keep the peasants dependent on the strongman.
We shouldn't have interfered and you could even argue that it was the best they could do because of their cultural issues but that just means that it was the least of their problems.

[Swordsmyth]

Bernie is a 'long admitted' socialist, communist isn't much of a stretch , that's probably his first love.

His Honeymoon in the USSR was more about Communism than his wife.

[kcchiefs6465]

His Honeymoon in the USSR was more about Communism than his wife.

An excellent but sad point.

[ATruepatriot]

Rubbish, rubbish and more heap full of rubbish.

Lol