Scotland Played a blinder , well apart from the fitba
Wee update , someone played a blinder.
So have been avoiding doing any political commentary for a while , then along comes some out of the box thinking at SNP Conf.
Energy and housing 2.0 , if you know me , read the blog , or on the twitter its my thing , and SNP didn't disapoint.
So at the Conference SNP announce -
A Soverign not for profit energy company – to the twitter cries of Labour thought of it first , which is technically correct , around about the Thatcher WAS selling everything inc energy off time , and with 15 years in Westminster to enact such change BY Labour - well not much happened , rug , brush. If you believed Labour first time around , well fools and money really.
Now I know that its merely indy tickover time for the SNP , a watch and wait scenario for Scots Indy Ref part Deux "this time its personal" (TM), so I haven’t had much political capital from them to either criticise or promote.
As for the Tories , well lunatics , asylum , which is understaffed due to austerity cuts and soon to be Virgin Sanity Spa Healthcare.
When it comes to Scots Labour , its been Kez resigns as leader , and the fight between Anas and Dick for who gets the key to the branch shed has been twitter only comments from me , and lets not talk Jackie Baillies new range of Teabags.
Opinion
Scotgov really have played a blinder on this NFP Scovereign Energy Co , it didn’t however come straight out of nowhere , you dont do off the cuff if you want to be in any semblance of power long term , you leave that with the lies to Labour & Tory reps on pensioners doorsteps.
Though here comes my mild criticism , and it is that until the details are in the public domain , there could well be more political capital to get from this NFP Energy Company from the offset.
Lets say in order to set this NFPSGEC up , and fast , which remember will be enemy no 1 for the big six oligopoly , then it will need funding and LOTS OF IT.
SO Where is it to come from ? Is it setting up first as a “reseller” , like the minor players already are today?
So why not think outside the box , and have SHARES owned by a household , but not in the traditional manner , as a way to get the said funding I mentioned , and FAST?
Now I am not suggesting for one moment that we have shares as in dividend , ie “that most unsocialist” greedy investor model , where shares are traded on say a Stock Exchange.
I am suggesting that they “remain” sovereign to Scotgov , AS BONDS , and can only be traded back to same.
Nor am I suggesting rises and falls in share prices making it a commodity to be traded , or indeed dividends for holding them , well in the conventional manner , what I suggest is...
Investor BONDS , where they stay a static price , adjusted for inflation , where the dividends , assuming you have enough to invest , are essentially prepaying your annual bills , or at least part of it.
I appreciate that not all folk would be able to invest in large amounts , thus fully prepay energy bills with bond holds , but is it not better to have a carrot for wealthy investors , and to prevent offshoring , THUS bring in the wealthy instead of offering them the shit covered stick?
Thanks