No, it is not Nick Clegg viciously attacking a pensioner with a walking stick (hattip James MacKintosh of the FT). But it may explain why even cardcarrying members of the NeoClassical School of Economics may be starting to make these kinds of argument:
In general, I am opposed to state-run, nationalized industries: managing industry is without a doubt the private sector’s role, not the government’s … But the interaction of rent-seeking industry with a flawed political system has made me willing to make an exception in the case of America’s carbon-based energy industry. True, government ownership will increase inefficiency and the misallocation of resources. But it will also increase political efficiency, since the energy industry will no longer be able to purchase Members of Congress and use them to strangle the policy innovations needed to advance the national interest. So nationalize the carbon energy sector — not to expropriate wealth or to penalize shareholders, but to remove a selfish and destructive political force that threatens our future.