Why do the right suddenly care so much about foreign state takeovers?
After decades of cheering from the side lines as the rotten Westminster establishment class handed control of swathes of our economy to overseas governments, right-wing hacks are suddenly crying foul.
"The idea of a national newspaper (and magazine) being controlled by any government, let alone a foreign government allied to Putin, is plainly absurd" laments Fraser Nelson in the Spectator, before going on to praise legislative efforts in the unelected House of Lords to rewrite the rules to block any such acquisition.
The reason right-wing hacks are leaning so hard on unelected politicians to rewrite the rules is that The Daily Telegraph and The Spectator are up for sale, and the investment fund of the United Arab Emirates is one of the leading potential buyers.
Essentially right-wing hacks are utterly furious that the radically right-wing free market Britain that they helped create is backfiring on them.
They never shed a tear when Britain’s entire fleet of nuclear reactors fell into the hands of the French government as a result of their beloved Tories’ insane and shambolic privatisation of Britain’s energy sector.
In fact these same hacks are the ones who would be screeching "communism" if anyone dared suggest Britain repatriate its energy infrastructure to be run as a public service for the good of the British people, and the British economy.
They’re absolutely fine with foreign governments (France, Germany, Italy, Hong Kong) taking over the fractured remains of British Rail in order to rinse profits out of our rail network, and our own commuters, to subsidise their own rail networks and passengers back home.
They’re fine with foreign governments (Australia, Canada, Kuwait, Norway, Malaysia, Qatar, Singapore, UAE) using the same profit-extraction tactics to siphon wealth out of England’s once publicly owned water supply network.
They had no objections to raise when their beloved Tories flogged off Britain’s vital aviation fuel distribution network to an overseas consortium including the governments of Oman and the UAE, then signed a deal to rent the whole lot back for ten years at three times the price they just sold it for!
They couldn’t care less that Britain’s most famous sports car marque MG is now merely a plaything of the Chinese communist government, or that what’s left of British Steel is now under Chinese state control too.
In fact, even in his article Fraser Nelson glibly dismisses the UAE government buying up huge stakes in British windfarms and 15% of Vodafone as insignificant in comparison to the the UAE’s bid for the Telegraph/Spectator that he’s so upset about.
How is it possible for right-wing hacks like Nelson to have no concerns about the UAE and other overseas governments taking control of vast swathes of the UK economy, then resort to outraged condemnation when the right-wing propaganda outlets that cheered it all along from the beginning get added into this great British fire sale?
When it comes to foreign ownership of the British media, their stance is just as hypocritical.
Where were the right’s concerns about overseas ownership when the Australian US-based media mogul Rupert Murdoch was buying his way into the British media market?
What stopped them from speaking out when the hereditary owner of the Daily Mail Jonathan Harmsworth moved to Monaco for tax purposes? Or when he delisted the Daily Mail Group from the London Stock Exchange to run it as a private offshore entity out of Bermuda?
Where was all their anti-Russian rhetoric when the Russian son of a former-KGB agent, Evgeny Lebedev, used his unexplained wealth to buy up the Independent and the Evening Standard?
Where were their words of outrage when a bunch of overseas hedge fund rich boys set up GB News to pollute British political discourse with a tsunami of toxic far-right conspiracy bollocks?
Where were their concerns when the previous owners of The Telegraph and The Spectator, the weirdo Barclay Brothers, set themselves up on the offshore Channel Island of Brecqhou?
The depraved privatisation agenda championed by so many of these right-wing hacks has resulted in swathes of the British economy getting looted by foreign governments, and Britain’s media is worryingly dominated by dodgy overseas interests already.
How can they not see what despicable hypocrites they’re making of themselves when they only deign to complain about any of this when it’s their own goose that’s about to get cooked?
So sorry Sam of Sam's Substack struggles with his thinking. Please keep up your good work, every bit of exposure of the corruption helps change minds
Unfortunately this is what you get when people blindly vote the tories into government; wholesale sell off of our public services... and a few s**tty rags that few people read anyway!
It seems to me there is little left in the UK that is actually owned and run by UK companies, even those that profess to be are backed by foreign 'investment'.
As far as I can see the UK is now just a cash cow for foreign governments and shady investment firms, everything is for sale, including the UK government!