Socialise the losses and privatise the profits

Nero said:
The biggest con by Thatcher was selling off monopolies like Utilities. It is a disgrace that critical infrastructure is owned by pension funds of foreign countries and in some cases wealthy individuals based in China.
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100% it was flawed from the onset.

Its only success is driving investment down and prices up.
 
JonnyHistory said:
100% it was flawed from the onset.

Its only success is driving investment down and prices up.
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Without doubt. The regulation of it is a total joke too. Utilities only have to do invest based on profit. They can then manipulate that to make it look like profits are modest. It’s no wonder all English water companies have debts. It’s deliberate to avoid spending more on tax and investments.
 
Nero said:
The biggest con by Thatcher was selling off monopolies like Utilities. It is a disgrace that critical infrastructure is owned by pension funds of foreign countries and in some cases wealthy individuals based in China.
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But, but, but, she did it so Britain could be stronger and stand on its own two feet. Isn't that why she sold off all the council houses? A large portion of which are now private rents.

I like to think she's burning in hell but she's probably running the place by now
 
JonnyHistory said:
We get shafted on our utility bills.

Privatisation of power, water and infrastructure has just flat out failed.
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In terms of its underlying purpose - a transfer of commonly held assets into private hands at a knock down price - you could argue that it was an unqualified success.
 
Merrykoala said:
But, but, but, she did it so Britain could be stronger and stand on its own two feet. Isn't that why she sold off all the council houses? A large portion of which are now private rents.

I like to think she's burning in hell but she's probably running the place by now
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When I said selling Utilities was the biggest con, I almost stopped myself to say along with selling council houses.

Those two decisions have been disastrous for normal people and deliberate by the Tories.
 
Come now, think of all of that added value from shareholders ... that is surely enough to keep you all warm and cozy on a cold winters night.
 
If this goes ahead it should be on the condition that this wipes the debt of all those people who couldn’t afford to pay their bills.

If we are settling those ‘bad debts’ the companies should not be able to chase the money, effectively getting it paid twice.
 
sherlock1969 said:
If this goes ahead it should be on the condition that this wipes the debt of all those people who couldn’t afford to pay their bills.

If we are settling those ‘bad debts’ the companies should not be able to chase the money, effectively getting it paid twice.
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Absolutely this!!!
 
speckyget said:
In terms of its underlying purpose - a transfer of commonly held assets into private hands at a knock down price - you could argue that it was an unqualified success.
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Indeed. Massive returns on capital for decades.
Having to provide a service or goods in between investment and return is seen as a necessary evil for the capitalist. In recent years many of them have been able to dispense even with that necessity and just gone straight to profit for nothing.
 
Norman_Conquest said:
I can't wait to see what Thames Water proposes now it can't pay its £190m loan.
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................... Or United Utilities - making a grand job of toxifying England's biggest lake - pumping it full of raw schitt from their inadequate sewerage treatment plant.
If you go to the Lake District - don't jump into the Water near Ambleside or try swimming near Bowness :poop::poop::poop::poop::poop::poop::poop::poop::poop::poop::poop:

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