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Thames Water nationalisation plan could move bulk of £15bn debt to state
(www.theguardian.com)
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this post was submitted on 20 Apr 2024
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Hold the fucking phone! The plan is to renationalise, fix it, then sell it again? That's a joke right? That's just a bailout with extra steps!
What is to stop Thames Water from going down the exact same road again when the private bullshit is reversed exactly?
Communism for the rich, capitalism for the poor.
Socialism for the rich and capitalism for the poor. - FIFY
"A communist society would entail the absence of private property"
I like to mention it often, but in Germany state run water companies run self-sufficient and even make money to invest in keeping the infrastructure alive. In my city we have a water loss of less than 2% due to well maintained pipes. Thames Water is losing like 25%!
I still can't believe how this company got to grift the British people in broad daylight and is now asking for more to grift and government in charge still wants more of this.
Thames is the worst for loss. They claim its due to serving London. The age of the city and difficulty accessing many pipes due to shouting down traffic.
Sorta sounds reasonable. Untill you look at how much money has been taken out. Its clearly more about profit.
Aye, it is a whole thing.
All of the "safeguards" they used to get the public to accept privatisation back in the day were sleights of hand.
Sounds like we're up the river without a paddle my friend