ISF Logo   IS Forum
Forum Index Register Members List Events Mark Forums Read Help

Go Back   International Skeptics Forum » General Topics » Economics, Business and Finance
 


Welcome to the International Skeptics Forum, where we discuss skepticism, critical thinking, the paranormal and science in a friendly but lively way. You are currently viewing the forum as a guest, which means you are missing out on discussing matters that are of interest to you. Please consider registering so you can gain full use of the forum features and interact with other Members. Registration is simple, fast and free! Click here to register today.
Tags banking , national economics , scotland

Reply
Old 8th September 2017, 02:21 PM   #1
psionl0
Skeptical about skeptics
 
psionl0's Avatar
 
Join Date: Sep 2010
Location: 31°57'S 115°57'E
Posts: 11,486
Scotish government to set up a new national investment bank

Quote:
EDINBURGH (Reuters) – Scotland’s devolved government said on Tuesday it will create a new national investment bank to boost infrastructure investment with the help of Tesco Bank <TSCO.L> chief executive Benny Higgins. “We believe that the time is now right to take a new approach on capital investment,” First Minister Nicola Sturgeon told Scotland’s parliament as she set out a new legislative programme.
http://www.euronews.com/2017/09/05/s...nvestment-bank

This seems like a reversal of the global trend to privatization of all government owned assets. In the past, government owned banks have played a pivotal role in industries such as agriculture. It seems that the only beneficiaries of the sell offs have been the banking industry and politicians who get a bigger pork barrel fund.

Is this a good idea?
__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975
psionl0 is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Reply

International Skeptics Forum » General Topics » Economics, Business and Finance

Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -7. The time now is 09:29 PM.
Powered by vBulletin. Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
© 2014, TribeTech AB. All Rights Reserved.
This forum began as part of the James Randi Education Foundation (JREF). However, the forum now exists as
an independent entity with no affiliation with or endorsement by the JREF, including the section in reference to "JREF" topics.

Disclaimer: Messages posted in the Forum are solely the opinion of their authors.