Flogging off our best assets not the solution.

This Government has made some stupid and costly economic decisions – the bailout of Anglo Irish Bank and Irish Nationwide, the Nama valuations, the blanket bank guarantees, its fiscal policy. Now it plans to flog off indigenous companies at a time when solid enterprises are needed.

These actions and the economic policies of tax-cutting and deregulation generated the biggest crash in any economy. Now the Government is going to make things worse by selling a huge swathe of productive indigenous Irish industry to foreign multinationals, speculators and friends.

You can read the rest of Paul Sweeney's opinion piece in today's Irish Times here.

Posted in: Fiscal policy

Tagged with: privatisation