Daniel Greenfield writes in his blog, Sultan Knish, Savages of Socialism,
Nationalizing industries is a bad deal for consumers and taxpayers, but a great deal for workers. And all it takes is declaring the industry a vital one that can’t be entrusted to the same boobs who run nuclear power plants, design artificial limbs and build dams, but must be put in the care of the great minds responsible for forcing banks to loan money to people who couldn’t afford to pay it back, an economic catastrophe that we are still recovering from.
Like government toilet paper, subsidizing jobs makes jobs harder to find, but that is only of concern to the people who don’t have them. Every economic system creates those who have and those who don’t. Socialism creates have nots with the same system that it creates haves, manufacturing scarcity for social justice.
Socialism is an economy in which the haves have jobs giving out welfare and the have nots have jobs receiving it. The one truly scarce commodity under Socialism is employment because there is only so much welfare to be given out.