Re-Nationalise SR Technics

[AMCW177]

in case you've been living under a rock for the last year, the market doesn't always work perfectly

by your crazed freemarket ideology, if the banks really were an invaluable industry and source of real jobs they wouldn't have gone bust - should we have just let them collapse and waited for somebody else to step in to provide that service too?

Of course markets don't always work correctly. Markets are made up of people, and people can be delusional, mad, greedy or just stupid. The herd can stampede giving ridiculous asset bubbles. The information available to participants can be incomplete or deliberately skewed by vested interests. Prices can fail to take account of all relevant costs i.e. market externalities. This is all economics 101.

But companies now, companies fail for one of two reasons: either they cannot do the job at a price people want to pay; or it has been badly managed. And the presence of militant unions is a sign of bad management.

Either there is actual work there that other companies want to pay for at a price that can be delivered by a company in Dublin or there isn't. If there is, then someone will set up a company to fill that gap and employ some of the skilled ex-Technics staff. And if there isn't, well - industries start, rise, become obsolete or unfeasible in their current location, and decline. That's just the way of things, the natural cycle of things, and if that is the case and this industry can no longer operate profitably in Ireland then so be it.

Either way there is nothing for the State to do here.

[eskerman]

in case you've been living under a rock for the last year, the market doesn't always work perfectly

by your crazed freemarket ideology, if the banks really were an invaluable industry and source of real jobs they wouldn't have gone bust - should we have just let them collapse and waited for somebody else to step in to provide that service too?

We all know now why the banks failed...greed and no proper management or regulation...government have their role here also, and so do all of us...many of us jumped at opportunities, not all but many did in the rush to buy things, houses, cars, 50" LCD TVs etc...credit was everwhere, and banks played their role...pity the old banks didn't stress test themselves.

The free-market works and its the only way forward once we sort out the banking and debts left behind...i say "we" because we are the only ones left to sort it out by underpinning the banks. That NAMA thingy is gonna be a ball breaker...how on earth can they get to the real figures for all those toxic debts..

What sickens many of us is that the bank top brass get away with massive pay-offs and secure guilt edge pensions, whilst we get burdened with 20 years plus debts.

I think this will get nasty...very nasty

[odie1kanobe]

Yup lets add another 1500 molly coddled over paid people into the Public service.

Joe and his Ilk will promise to deliver what ever you want knowing full well he will never have to take a decision in his life.

Whatever problem you have Joe has a solution and it generally involves someone else's money.

[cactusflower]

Rubbish - the problem started about the time that Team Aer Lingus and SRS in Shannon (both owned by Aer Lingus) were forced by the government to bid against one another for contracts. There was more than one occasion when both companies were the only bidders for a contract and ended up driving down the value of the contract in order to ensure 'competition'. The government stoked the problem to facilitate hiving off both companies to privatisation. Coupled with the privatisation of Aer Lingus the government has destroyed three highly productive (and mostly profitable) state owned companies. The re-nationalisation of SR Technics would preserve a very valuable skills base - ensure the existance of the necessary support services for the aviation industry - and secure employment (and save dole repayments) in an island nation where the aviation sector is a vital component of the economy.

On second thoughts - leave it to the market - afterall the market has b*ggered up the rest of the economy - why shouldn't it do it to the aviation maintenacne sector as well (being sarcastic here if it wasn't obvious).

Yes, the same lunacy as has driven up ESB prices in the name of "competitivity".

Why should the State not buy up the gear and lease it to a workers' co-op - if people want to form one?

The same should have been done with Waterford Crystal.

[Watcher1]

oh good Jesus no. Bring them back into state ownership? Aren't these the guys as Team Aer Lingus had strikes more time than anyone else? Weren't they one of the most cosseted semi state employees? From the stories I have heard, and yes, they are only stories, the work practices in SR Technics were appalling. The ultimate in union domination.

[eskerman]

Yes, the same lunacy as has driven up ESB prices in the name of "competitivity".

Why should the State not buy up the gear and lease it to a workers' co-op - if people want to form one?

The same should have been done with Waterford Crystal.

Fully agree with this...most of these dinosaurs could never survive the market forces, The ESB/Bord Gais and the likes need to be all broken up, power stations that are old and out of date demolished and new private operators should be invited to design and build modern power stations, many of which are automated, and really only have service and operational staff. Actually many modern power generators can be monitored remotely from anywhere in the world....I think modern technology is superb and it don't go on strike at the whiff of trouble....

Did I mention Robotics....

[patslatt]

Rubbish - the problem started about the time that Team Aer Lingus and SRS in Shannon (both owned by Aer Lingus) were forced by the government to bid against one another for contracts. There was more than one occasion when both companies were the only bidders for a contract and ended up driving down the value of the contract in order to ensure 'competition'. The government stoked the problem to facilitate hiving off both companies to privatisation. Coupled with the privatisation of Aer Lingus the government has destroyed three highly productive (and mostly profitable) state owned companies. The re-nationalisation of SR Technics would preserve a very valuable skills base - ensure the existance of the necessary support services for the aviation industry - and secure employment (and save dole repayments) in an island nation where the aviation sector is a vital component of the economy.

On second thoughts - leave it to the market - afterall the market has b*ggered up the rest of the economy - why shouldn't it do it to the aviation maintenacne sector as well (being sarcastic here if it wasn't obvious).

A better idea,to music-

"Let's nationalise the women and give every man his chance when the Red Revolution comes."

Sing all together now...

[JollyRedGiant]

Of course markets don't always work correctly.

re-phrase needed here - markets DON'T work - period.

Markets create pyramid and ponzi schemes - markets create corruption - markets can't be regulated - you can't control what you don't own.

We were told by every right-wing hack with a voice that we were in an unending boom - capitalism had solved it's problems - the debts were being re-packaged and the market would never be explosed again. Well - guess what - you guys were wrong - and just as socialists have been explaining for the past 15 years - the more debt you create to keep the boom going the more the inevitable downturn will come back and bite you in the a*se.

Capitalism has proved time and time again that it goes through boom and slump - and the bigger the boom the more catastrophic the slump. It cannot escape - it's the nature of the beast. Carrying the can at the end of the days for all the recklessness of the market are, as usual, working class people and their families - just like the workers in SR Technics.

[Watcher1]

re-phrase needed here - markets DON'T work - period.

Markets create pyramid and ponzi schemes - markets create corruption - markets can't be regulated - you can't control what you don't own.

We were told by every right-wing hack with a voice that we were in an unending boom - capitalism had solved it's problems - the debts were being re-packaged and the market would never be explosed again. Well - guess what - you guys were wrong - and just as socialists have been explaining for the past 15 years - the more debt you create to keep the boom going the more the inevitable downturn will come back and bite you in the a*se.

Capitalism has proved time and time again that it goes through boom and slump - and the bigger the boom the more catastrophic the slump. It cannot escape - it's the nature of the beast. Carrying the can at the end of the days for all the recklessness of the market are, as usual, working class people and their families - just like the workers in SR Technics.

And what, socialism keeps getting boomer, does it?

[eskerman]

re-phrase needed here - markets DON'T work - period.

Markets create pyramid and ponzi schemes - markets create corruption - markets can't be regulated - you can't control what you don't own.

We were told by every right-wing hack with a voice that we were in an unending boom - capitalism had solved it's problems - the debts were being re-packaged and the market would never be explosed again. Well - guess what - you guys were wrong - and just as socialists have been explaining for the past 15 years - the more debt you create to keep the boom going the more the inevitable downturn will come back and bite you in the a*se.

Capitalism has proved time and time again that it goes through boom and slump - and the bigger the boom the more catastrophic the slump. It cannot escape - it's the nature of the beast. Carrying the can at the end of the days for all the recklessness of the market are, as usual, working class people and their families - just like the workers in SR Technics.

I can see some of your points here and yes I agree capitalism can breed corruption and back slapping...

Seems reasonable to use apply the same logic to our co-called masters in government..? do you think its reasonable to suggest that our government has threads of corruption in it...??

In every society there is some form of corruption, from Government all the way down to business...its a fact of life. Being aware of it and managing our own affairs in a transparent way is best practice, teaching our children and our staff on the ways to conduct ourselves in business and society is the correct way to deal with this.

We are all to blame, we can sort this country out but we can only do it with good leaders, in all sectors, hard work yes, can we do it, yes.

Parish pump politics, cronyism and nepotism must be tackled now..