THE problem is that no one should be making profit from essentials like Water, Power, Banking and Public Transport.
These should be owned by everyone.
These should be owned by everyone.
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Privatisation is the worst thing that can happen to a countries infrastructure and utilities. It changes them from being services for the people, to cash cows for the rich
This is all engineered for, and because of capitalism.
It's corrupt to the core.
Water, energy distribution and public transport seem like those that a profit motive has a negative impact.
Banking. Not so much.
And yet, here we are
I agree the infrastructure for processing financial transactions should come under public ownership.
In order for capitalism to function at its best, the worker must be healthy, safe, educated, and long-lived. So utilities,education, law, health, etc. MUST be outside Capitalism.
https://www.spectacle.org/1199/wargame.html
You know that guy Adam Smith wrote "read, write and ACCOUNT" multiple times in Wealth of Nations. He used 'education' Eighty Times.
Ask an economist, maybe he read it. Double Entry Accounting is 700 yrs old.
To have UK water owned by UK pensions could work.
Pension savings today pay for the needed infrastructure today. That infrastructure creates revenue to meet the long term liabilities to support the pensioners when retired.
But the money productively circulates in the economy.
There's not one honest/decent reason for them not to be.
Purely greed, zero benefit to consumers, worse in fact.
Those should belong to the Nation!
It’s not proper capitalism it’s…
#monopoly 🎩🫡🇬🇧🏴🇺🇸😜
Their talk down of the economy, when they got into power, immediately dragged it down
Their budget is put us into low growth, increased costs, less productivity
How does this create
wealth?
https://bsky.app/profile/europeanpowell.bsky.social/post/3lbonqtg2os2h
Blaire / Brown - PFI's for Hospitals, Schools, ALL Military establishments, etc.
That was privatisation
Selling the gold reserves
That was stupidity
The state giveaway continues
Ofwat has been as much use as a chocolate fireguard
If the private sector can't deliver lower costs and choices through competition for essentials, then public control becomes vital to ensure access to the things we need to survive and function.