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Nationalization

Time Has Come To Nationalize The US Fossil Fuel Industry

As we gear up for a war-type of mobilization to mitigate the climate crisis, a federal takeover of the oil, gas and coal industry should be on the table. No other generation understands better the implication of climate change than today’s teens. As sixteen year-old Swedish activist Greta Thunberg has famously summarized it, “this is an emergency.” But despite this emergency, the response from national governments has been to hype up the private sector as the silver bullet capable of providing the financial means and innovations needed to address climate change...

Nationalizing The Banks Is A Popular Demand, So Let’s Demand It

I’m honored to be among the folks that Paul Street invited to think with him about what an “authentic” left would look like in the United States. It’s something that many of us think about all the time. The left would look very much as it does right now -- you start from where you are-- but it would begin behaving quite differently. I think that what we are actually talking about is: How do we make a movement -- a ruling class-destroying movement -- in the United States? That’s a simple proposition, and I think certain things flow from that proposition. Of course, we’d be talking about setting in motion several mass-based movements that are linked in their shared enemy: the ruling class and its organs of coercion and control, the organs that people come up against every time they move -- and even when they don’t move.

Argument For Energy Nationalization

When it comes to climate change (and other struggles), there is ample evidence that we won't be able to accomplish what is necessary under the current economic framework. But people are instinctively leery of big changes. It's natural to wish that we could persuade the oil companies and other bad actors to reform themselves and get with the program. It would be so much easier. But the weight of reason andhistorical evidence shows that to be a dead end. In such a case, and in the face of the rapidity with which climate change is spinning out of control, the rational way to proceed is to get to work doing what's necessary, however unconventional or difficult it may seem. The demands put forward by the climate change movement should reflect this. Nationalizing the big energy companies would make all the difference to the fight to curb greenhouse gas emissions. Right from the start, it would eliminate profit from the energy calculus and remove a large pool of money that's used to manipulate government policy.

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