Nationalisation without compensation or go bankrupt. And the choice is not for the banks to make but decided by the state.
Gordon must be gibbering with joy. After all those years of stakhanovite labour in the political salt mines and then in government, he's driven the economy to the brink of the realisation of his dream.
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N without C - that phrase was circling around my head this morning before I read you. All the Americans I've heard muttering suspiciously about our NHS being "socialised medicine" must be aghast at their own new vogue for "socialised banking."
And all the funding, and supporting, and bailing out and nationalising isn't stopping a thing; just slowing it down slightly while devaluing and destabilising liberal, individualist capitalism. and democracy.
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