So, Scottish Power has given in without a fight to its Spanish predator. Today, EMI has been approached.
What else is left? Instead of dragging it out, perhaps a list of the few remaining British companies could be published with price tags. Then the directors can put down their deposits on place in the sun and the workers can be given time to organise, or at least to know what was happening before it happened.
Of course, it can be said, we all benefit to some extent from these sales, because the biggest selling shareholders are pension funds. But, when corporate Britain has all been sold – not long now – where will the pension funds look then? Will globalisation enable them to wreck others’ economies too?