Sale of Irish state assets and the issue of democratic control…

And on a slightly different tack, but still speaking of asset transfers… the Republic’s government is under fire over its plan to dispose of state assets (Aer Lingus may be one of them). Socialist TD Clare Daly makes a point work reiterating:

A key feature of the crash in Ireland has been a catastrophic collapse in private sector investment. Rather than trying to sell off valuable state assets to this same private sector we need instead to be enhancing the role of the state in job creation through both emergency necessary public works and an expansion of state enterprises.

As a class working people should have democratic control over key aspects of economic life in this country.

Hmmm…

  • Pete Baker

    Worth repeating the point that a programme of asset disposals by the Irish Government was a condition of the IMF/ECB/EC bail-out.

  • ayeYerMa

    Perhaps we in NI should consider buying back ownership of our own electricity grid…

  • Greenflag

    The problems with Aer Lingus are of long duration . I believe they have had ten CEO’s over the past 12 years . Every government that has been elected has kicked the can further down the road than the one before and it seems that this Coalition government is no different . They now want to wait until the ‘price’ is right . This sounds more than a bit like the man in Cabinteely trying to sell his 4 bedroomed semi detached for 500,000 euros when the market is telling him that nobody will buy it for more than 250,000 if that .

    They should sell it to Ryan Air and be done with it .Maybe Ryan Air can then get into the transatlantic business and use their hubs in Europe to funnel increased numbers across the pond to the delights of Disneyland etc etc.

    Aer Lingus has 30 aircraft and 3,800 employees

    Ryan Air has 290 aircraft and 8,500 employees .

    Even an Irish Government Minister should be able to do the numbers -On the other hand given their record with the ‘numbers ‘ in the banking bailouts and property bubble fiasco -perhaps not ?

    The Irish taxpayer has carried Aer Lingus for more than long enough .