Wednesday, 1 October 2008
EDF Buy Out of British Energy: Yet More Free Market Folly
I have to say in these days of supposed concerns over the security of energy supply I find it incredible that no one should question the wisdom of selling a major essential service provider in effect to a foreign power i.e. the sale of British Energy to EDF - the nationalised French power organisation. Even as an avid Francophile I have to say it makes me a little uncomfortable to think of the leverage that this could give the French government when our two nations may have our occasional ideological differences. The thing I find most amazing about all of this is the British as a nation have so willingly been spoonfed and then swallowed the idea that free market market economics are the universal elixir that there should be no mention whatever voicing these concerns in the UK Press across their whole spectrum from the right to ultra right.