Reply to post: Re: Marx would be proud

Labour: Free British broadband for country if we win general election

Peter D

Re: Marx would be proud

"Labour literally don't understand that issuing bonds IS printing money"

They also don't realise that a publicly traded company like BT would have no interest in holding tens of billions of pounds in gilts. If even 20% of labour issued commie bonds were converted to useable cash the bond markets would be flooded to devastating effect. Of course, Labour would avoid that horror by nationalising companies with instruments which are not openly tradeable effectively just stealing corporate assets.

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