NATONALIZE THE OIL?

A majority of Canadians favour nationalizing the oil industry and Eugene Plawiuk has an excellent blog article on this subject. Here are some quotes:

“We need to seriously look at the success Venezuela has had with its nationalization under workers control for a model of what to do in Canada with our Gas and Oil Reserves, the majority being in Alberta, and the American Oil companies… In this case it should not be about the Federal Government owning the resources, but the people, under a Proudhonian share capital model, with workers on the boards of directors and acting along with the public as share owners of the nationalized industry. First Nations peoples need to have a direct ownership in the resources, which are all situated on their lands and which they have not been compensated for by the Provincial government.”
Couldn’t agree more!