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Proceeding contribution from Kelvin Hopkins (Labour) in the House of Commons on Tuesday, 31 March 2009. It occurred during Debate on The Economy.

The Economy

I am following what the hon. Gentleman is saying with great interest, and I agree with much of it. Anatole Kaletsky, writing two or three weeks ago in The Times, suggested that if we completely nationalised RBS and it became a state bank, others would quickly follow, dominoes would fall all over the world and we would very quickly have a world where the banks controlled public investment. Publicly owned banks and state banks would run the economies of the world. I would welcome that, personally, because I am a socialist. Other people might not. Does the hon. Gentleman think that Anatole Kaletsky's concerns are valid?

Secondary information

Type
Proceeding contribution
Reference
490 c817 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Debts Banks Capital investment Credit Bank of England Government assistance Financial Services Authority Economic situation International Monetary Fund Loans Regulation Tax avoidance Taxation Economic recession G20 World economy
Link
View this Proceeding contribution on www.publications.parliament.uk