According to the Observer this morning "Trains, water and power may be next in line for a bail-out". I just can't help feeling like the current financial difficulties of banks is providing perfect cover for the wholesale renationalisation of the means of production. "Bail-out" is becoming a euphemism for "nationalisation" it seems.
It's worth remembering what nationalised industries were really like though. Anyone remember what it was like before BT were privatised? It tooks months to get a phone line and you had to rent a handset from BT. If a company fails then it does not need to be taken under Government control, it needs to be sold to somewhere that will make it work.