Madsen Moment – Nationalisation

In this week’s Madsen Moment, with re-nationalisation back in news following the UK political conference season, Dr Pirie takes a look at the failings of the past and explains simply why we shouldn’t have a rose tinted view of when the state used to run just about everything.

Nationalisation is in the news following Conference season in the UK, so in this week's Madsen Moment, Dr Pirie takes on the idea and reminds viewers it won't lead to nirvana. Instead, if we renationalise our industries we'll have higher prices or shortage. Or perhaps both.