The nationalisation of the Roy al Bank of Scotland – self evidently right all along

Posted on

The reaction to good ideas generally passes through three phases.

In the first stage those who oppose the idea try to ignore it, hoping it will go away.

In the second stage the idea is perceived to be a serious threat to the status quo and so it is opposed, vigorously.

In the third stage those who previously oppoosed the idea declare that it was self-evidently right all along.

Nigel Lawson has called for the full nationalisation of the Royal Bank of Scotland this morning. Now I admit I did that in autumn 2008. It was self evidently right all along. The crowd have just taken a little while to catch up.


Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here:

  • Richard Murphy

    Read more about me

  • Support This Site

    If you like what I do please support me on Ko-fi using credit or debit card or PayPal

  • Taxing wealth report 2024

  • Newsletter signup

    Get a daily email of my blog posts.

    Please wait...

    Thank you for sign up!

  • Podcast

  • Follow me

    LinkedIn

    LinkedIn

    Mastodon

    @RichardJMurphy

    Twitter

    @RichardJMurphy

    Instagram

    @RichardJMurphy