maynragh Posted October 3, 2017 Share Posted October 3, 2017 2 hours ago, woody2 said: you could nationalise everything unfortunately it leads to 1000% inflation, just see venezuela....... i wonder where labour get these ideas from...... Probably from Norway, where their nationalised energy company clearly hasn’t worked... https://www.ft.com/content/23693448-ee72-11e4-88e3-00144feab7de Link to comment Share on other sites More sharing options...
Aristotle Posted October 3, 2017 Author Share Posted October 3, 2017 4 hours ago, Chinahand said: What do you mean by inertia in this context- you need to define your terms. The speed with which you raise water to a temperature has basically no effect on how it will cool afterwards. The science of steam engines and steam turbines is very well understood. Temperature is temperature and that is what defines the energy in the water and what its density, enthalpy, change in entropy etc is. How it loses energy and hence temperature depends upon how well insulated it is from its environment and has very little do do with how it was raised to that temperature previously. I see I am dealing with intellectual lightweights here. *sigh* Does anybody have Stephen Hawking's email address? Link to comment Share on other sites More sharing options...
Chinahand Posted October 3, 2017 Share Posted October 3, 2017 A sovereign wealth fund is very different from a gas utility company. It invests windfall taxes paid from profitable companies. Link to comment Share on other sites More sharing options...
The Well-Manicured Man Posted October 4, 2017 Share Posted October 4, 2017 Of course we should nationalise it. We already own and paid for all of the infrastructure. It makes no logical sense to leave it to some foreign corporation to make money off us. If we are ever to be an independent and sovereign nation, we must stop being led like a bunch of lemmings and sheep. Link to comment Share on other sites More sharing options...
woody2 Posted October 4, 2017 Share Posted October 4, 2017 8 hours ago, maynragh said: Probably from Norway, where their nationalised energy company clearly hasn’t worked... no venezuela....... Link to comment Share on other sites More sharing options...
maynragh Posted October 4, 2017 Share Posted October 4, 2017 9 hours ago, Chinahand said: A sovereign wealth fund is very different from a gas utility company. It invests windfall taxes paid from profitable companies. My understanding was it invested profits mostly from the majority state owned energy company. Is that not right? Link to comment Share on other sites More sharing options...
maynragh Posted October 4, 2017 Share Posted October 4, 2017 44 minutes ago, woody2 said: no venezuela....... If an idea works in one place but not another that means it is not the idea that’s to blame. Link to comment Share on other sites More sharing options...
maynragh Posted October 4, 2017 Share Posted October 4, 2017 https://en.m.wikipedia.org/wiki/Statoil 67% State Owned. 26th largest company in the world by profit. Nationalisation never works. Link to comment Share on other sites More sharing options...
the stinking enigma Posted October 4, 2017 Share Posted October 4, 2017 Everything in venezuela was made to fail. To stop other countries following suit. Thats the world we live in Link to comment Share on other sites More sharing options...
woody2 Posted October 4, 2017 Share Posted October 4, 2017 3 hours ago, maynragh said: Nationalisation never works. correct..... Link to comment Share on other sites More sharing options...
Max Power Posted October 4, 2017 Share Posted October 4, 2017 Privatisation never works. Well, not for the customer anyway. Link to comment Share on other sites More sharing options...
woody2 Posted October 4, 2017 Share Posted October 4, 2017 2 minutes ago, Max Power said: Privatisation never works. Well, not for the customer anyway. it does if you don't create an monopoly...... Link to comment Share on other sites More sharing options...
maynragh Posted October 4, 2017 Share Posted October 4, 2017 2 hours ago, woody2 said: correct..... Oh aye. A country where their high taxation and nationalisation policies means the government earns more in interest than it spends. Total failure that. If that’s really how you see the world then I feel sorry for you, must be fairly depressing. If you’re just trolling then fair play, you’re providing convenient points to add more evidence you’re wrong. Please keep going. Link to comment Share on other sites More sharing options...
woody2 Posted October 4, 2017 Share Posted October 4, 2017 45 minutes ago, maynragh said: Oh aye. A country where their high taxation and nationalisation policies means the government earns more in interest than it spends. Total failure that. If that’s really how you see the world then I feel sorry for you, must be fairly depressing. If you’re just trolling then fair play, you’re providing convenient points to add more evidence you’re wrong. Please keep going. yet its debt mountain keeps climbing........ https://hanke.io/debtclock/norway/ Link to comment Share on other sites More sharing options...
maynragh Posted October 4, 2017 Share Posted October 4, 2017 2 hours ago, woody2 said: yet its debt mountain keeps climbing........ https://hanke.io/debtclock/norway/ Missing the obvious fact that they make more money on their sovereign wealth than they have to pay for their national debt, which they maintain purely to regulate their economy and negotiate with others. ...please... keep going... Link to comment Share on other sites More sharing options...
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