A few days ago, a solicitous Alfredo D'Attorre on Twitter cited with heartfelt accents of assent an article in which Michele Serra, a well-known economist, was discussing (without knowing it) natural monopolies, invoking state intervention. Privatization was a mistake, Alfredo told us, while praising Serra's concinnitas , which in its piece lashed out against "the premise of competition as a salvific and improving element", which would lapse in the case of neuralgic infrastructures which by their nature are " unicum ". And here we are faced with two "mirabilia maragdagali", of which I would hardly tell you which is the most surprising! I don't know if I am more surprised by Alfredo's fresh naive, which defines privatizations as "an error" (when instead they were a deliberate and conscious strategic choice of those who then governed: and who governed, then?), Or the late repentance, the rediscovery of the virtues of public intervention in economics, by those who praised Monti " true liberal ", after defending the true liberalizer Bersani with his sword. Yet Prodi had explained to Serra what privatization means ! How come that explanation no longer convinces him? I think you understand it well, so I don't have to explain it to you.
Watch out, comrades: the net hides, but it doesn't steal!
This is a machine translation of a post (in Italian) written by Alberto Bagnai and published on Goofynomics at the URL https://goofynomics.blogspot.com/2020/07/il-compagno-serra.html on Mon, 13 Jul 2020 14:31:00 +0000. Some rights reserved under CC BY-NC-ND 3.0 license.