Governments cannot run industries. Every time they try its always ended in failure.
Absolute nonsense.
For example ........ utilities such as electricity, gas, and water, have all previously been under state or local government control. They were highly successful businesses which generated huge profits, although profits were often deliberately suppressed (such as gas for example) to allow ordinary people to have more disposable income - the equivalent of tax cuts if you will.
They did not end in "failure"
EDF is an extremely successful energy company. It is owned by a government.
If a government has the organisationally skills to prosecute a war thousands of miles away on the other side of the world, if it has the organisationally skills to provide a nation's children with their life long educational needs, if it has the organisationally skills to provide a nation's full healthcare needs, then it is perfectly capable of providing it's citizens with electricity, gas, and water.
As indeed they have successfully done so in the past. What "magic wand" do you think profit-hungry private companies possess ffs ? The same one which bankers used until they were bailed out by the government maybe ?
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How are we to miraculously generate the millions of jobs necessary for full employment?
"Generate" jobs ? What do you mean "generate" jobs ? 
There is no need to 'generate jobs' ....... in fact, there are not enough people in our society to do all the work which requires doing.
Under our present economic model if 5% of the workforce are unemployed, it is considered to be extremely good ! And yet, it is clearly an obscene waste of precious human resources.
We have had full employment and a much lower tax burden in the past. TINA is a lie.
