John McDonnell's Labour conference speech on renationalisation

The video discusses the importance of collective investment in infrastructure, education, and R&D for business success. It advocates for society sharing in the benefits through social dividends, which will fund public services. The video also highlights plans to extend economic democracy by bringing essential services back into public ownership, countering media claims about public disapproval. It critiques the privatization of water, citing increased bills, dividends, and inefficiencies, arguing for a return to public ownership.

What is the main reason for society to share in the benefits of collective investments?

• To promote private businesses

• To increase individual wealth

• To support public services

• To reduce taxes

How does the plan propose to extend economic democracy?

• By increasing taxes on businesses

• By privatizing more public services

• By bringing essential services back into public ownership

• By reducing government spending

What misconception about public ownership is addressed in the second section?

• It is too expensive

• It is unnecessary

• It is unpopular with voters

• It is inefficient

What has been a significant consequence of water privatization?

• Improved customer service

• Decreased water quality

• Lower water bills

• Increased water loss due to leakages

Why is it argued that water services should return to public ownership?

• To improve international relations

• To address financial inefficiencies and water loss

• To reduce government control

• To increase competition