Nationalisation is the road to Argentina.
Jones is a happy man who has never experienced an economy based upon nationalised industries and services on his own. Perhaps he should read something about Perónism. This cool art-déco poster from 1946 is good for starters:
We know the rest of the story. Mismanagement on all government levels, a hyperinflation, a series of dictators, a government default, the recent economic crisis and another default.
One would think the world has learned the lesson. Maybe it has, with the glaring exception of Owen Jones:
"[A nationalised mobile phone company] doesn't have to be run by a bunch of bureaucrats: consumers could elect representatives on to the management board to make sure the publicly run company is properly accountable. Neither does nationalisation have to be costly: Clement Attlee's postwar Labour government pulled it off by swapping shares for government bonds."
Government bonds are for free, aren't they, Owen. Thank you for opening our eyes.