@ChrisMayLA6 Well the rational answer is not really renationalisation, but renationalisation with a) demanding, on pain of prison, as much of the profits back as possible, b) the cancelling of unreasonable parts of the debt, as well as c) legal measures to prevent the re-privatization of important infrastructure
@ChrisMayLA6 Privatization of public utilities is a scam - it results in cherry picking for profit, a de-investment until the whole infrastructure starts to fail with catastrophic effect Examples are everywhere - American railroads, Australian electricity networks, UK water supplies. The business of private companies is making money - if by some happy chance everybody keep getting water so much the better.
@mikewaghorne the numbers are helpfully provided by @ChrisMayLA6 at the start of the thread -what's your point?
My point was that one motivation for privatisation was to shift the burden from wealthier tax payers (under a progressive tax system) to poorer consumers
Add comment