Abstract
The essay sketches out a plan for nationalizing the fifty largest electrical generators and transmitters that now account for three-quarters of the electrical industry’s revenue, four of the world’s largest oil firms, and General Motors and Ford in the service of moving the U.S. economy towards ecological health. It proposes a stage phase-in whereby the U.S. government would initially purchase a controlling interest in these main eco-destroyers with the explicit purpose of bringing about a “below-cost” production program. Below-cost production would allow a rapid installation of alternative energy sources, while at the same time reduce or maintain the price of the remaining outstanding shares so that they might be purchased to complete the nationalization project.
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