EU membership means no renationalisation

19 Sep

The “System” holds no future for the 99% – A Revolution does – Progressive Books and Blogs, fah451bks.wordpress.com

21centurymanifesto

This very good piece can be found in full over at the excellent Left Futures site

A Fractured EuropePublic ownership of gas and electricity is destined to become a cherished aim of the Labour Party. For years under privatisation, the swindling of the consumer has gone hand-in-hand with outrageous profit-taking by the corporate giants, to the loss of the public purse. Far from helping customers through keen competition, the main effect of energy privatisation has been – like austerity – a redistribution of wealth from the have-nots to the well-to-do.

What a pity, therefore, that Labour cannot renationalise it! Britain is a member of the European Union (EU)  and as such bound by the EU Treaties. Indeed, every British court is duty-bound to enforce every EU law in preference to any conflicting British statute. Under Article 106, the EU prohibits public monopolies exercising exclusive rights where this violates EU competition rules. The…

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