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“Should we nationalize ArcelorMittal?” The last stupid economic question in politics! ». The editorial of Charles Sannat

My dear impertinent, dear sassy,

Oui.

This question is stupid.

Not that a nationalization is to be avoided.

General de Gaulle who was not frankly communist in the soul carried out some nationalizations.

It all depends on why. It all depends on how. It all depends on what purpose, with what strategy.

Nationalization, such as privatization, is only a tool available to the State.

My personal is that it is important to have a strong state in its sovereign tasks starting with security.

Safety must be understood in an extensive sense.

Economic security, and our sovereignty is essential. In this sense nationalization can be useful.

But to do what?

The same people howl to for the nationalization of ArcelorMittal vomit on Trump’s protectionist policy.

It’s stupid and incoherent.

Nationalizing to leave this business in the same environment where it is no longer competitive has no economic sense.

Clearly, nationalizing can only be considered if it is accompanied by protectionism around the steel sector.

This is what I tried to explain in this interview on Ecorama.

We are led by donkeys who no longer even realize the paradoxes generated by their own contradictions.

It is already too late, but everything is not lost.

Prepare!

Charles Sannat

“Insolentiae” means “impertinence” in Latin
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