-
@ Anthony Accioly
2025-04-12 10:44:05
Come on nostr:nprofile1qqswswmx4rkj6d7q05dtafhpkqq2z42fc62s37jvtp642m2jkpfxc2cpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3wamnwvaz7tmwdae8g6tn9ehx7um5wgcjucm0d5q3wamnwvaz7tmxd9k8getj9ehx7um5wgh8w6twv5nrafuh, let’s not distort the facts or turn Nostr into X, please. The UK government isn’t "stealing" the Scunthorpe plant. In fact, they tried very hard to find another group to buy it. The UK government loves privatisation even more than the US government.
The fact is, the Chinese group that was running it was going to shut the steel plant down, and nobody else wants to run a steel plant in the UK. This is actually the last steel plant we have in Britain, and steel may become a rare commodity very quickly if the world keeps heading in the direction it’s currently going.
I know this contradicts the libertarian narrative, but we need to be intellectually honest about the facts here. This is not a hostile renationalisation. It’s a rescue mission, given that the Chinese group running it was simply going to declare bankruptcy and move on, and the "free market" isn’t interested in keeping the plant running at all since there’s not a lot of profit to be made at the moment and investment groups can't care less about Britain sovereignty.
As one of the people paying upwards of 50% in marginal tax rates, while I’m all for small government, I do approve of this. I really don’t want Britain to end up importing steel at 10x markups just to keep its railways, factories, and infrastructure running if the worst comes to pass. It’s a strategic investment.
https://www.bbc.co.uk/news/articles/c5y66y40kgpo