| 'Emergency nationalisation' plans being drawn up for Thames Water 10:11 - Jun 28 with 2429 views | Swansea_Blue |
https://finance.yahoo.com/news/uk-considers-temporary-nationalization-thames-081
This is probably too simplistic a view, but wouldn't it be better to plan for re-nationalisation over the long term rather than this knee-jerk emergency buyout approach we see here and have had with the trains? Where's the benefit to us of public money being used to bail them out of trouble only for them to revert back to the failed privatised model once we've helped them out?
There's an argument that if society can't manage without something, it shouldn't be run through the private sector for profit above all other considerations. Especially when they can't future proof that service.
It's false economy too - I think the government is paying more than double what they used to for British Rail (in real terms) just to prop up the failing train operators.
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:17 - Jun 28 with 2393 views | J2BLUE |
Personally I think we should nationalise all utilities and transport.
Should also set up state owned internet provider and supermarkets which are run to break even. |  |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:24 - Jun 28 with 2354 views | SuperKieranMcKenna |
“Where's the benefit to us of public money being used to bail them out of trouble only for them to revert back to the failed privatised model once we've helped them out? “
It’s in keeping with the Government’s mantra of privatise the profits, nationalise the losses. Utterly inept, let them fail and the banks and investors take the hit. Buy them up for a quid. |  | | |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:24 - Jun 28 with 2352 views | Darth_Koont |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:17 - Jun 28 by J2BLUE |
Personally I think we should nationalise all utilities and transport.
Should also set up state owned internet provider and supermarkets which are run to break even. |
Communist!
But generally agree – if our market approach fails to provide the basics and/or basic standards of service then we need to run and fund this stuff through the state.
As much as anything, the absence of these basics has a huge knock-on effect on our economy and society’s health and well-being that will cost much, much more in the long run. |  |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:25 - Jun 28 with 2346 views | homer_123 |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:17 - Jun 28 by J2BLUE |
Personally I think we should nationalise all utilities and transport.
Should also set up state owned internet provider and supermarkets which are run to break even. |
"...and supermarkets which are run to break even."
It's OK J2, we have that covered. Food Banks are pretty ubiquitous now. |  |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:26 - Jun 28 with 2340 views | Darth_Koont |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:24 - Jun 28 by SuperKieranMcKenna |
“Where's the benefit to us of public money being used to bail them out of trouble only for them to revert back to the failed privatised model once we've helped them out? “
It’s in keeping with the Government’s mantra of privatise the profits, nationalise the losses. Utterly inept, let them fail and the banks and investors take the hit. Buy them up for a quid. |
When you say “government” you mean our political class. This has been the mantra for decades, red or blue. And still is the default setting. | |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:32 - Jun 28 with 2307 views | Pinewoodblue |
Why should public money be used to bail out overseas investors who find themselves victims of their own greed.
The business model is flawed, they have been caught out by the Hugh increased cost of servicing debt but continued to pay unjustified dividends. |  |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:34 - Jun 28 with 2306 views | giant_stow |
The money govt spends on propping up train companies has gone up partly / largely because of covid and reduced train usage, I think. I also have a feeling that the whole industry, bar lowest rungs seems to overpay itself too, compared to it's international counterparts. |  |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:41 - Jun 28 with 2278 views | giant_stow |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:32 - Jun 28 by Pinewoodblue |
Why should public money be used to bail out overseas investors who find themselves victims of their own greed.
The business model is flawed, they have been caught out by the Hugh increased cost of servicing debt but continued to pay unjustified dividends. |
Greed seems to be king in many ways right now. Anyone in a middle manager role seems to expect hefty money in any area. Anyone in the City wants 100 grand plus just to scratch their arse. Hospital Consultants striking for a 35% increase because they have to pay 45% tax rate is another example.
There's a real divide in society, but not the one that the left sees - its deeper than that. I seem to have one foot in each camp (just by accident of birth) so maybe I'm howling at the moon. | |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:45 - Jun 28 with 2252 views | Swansea_Blue |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:32 - Jun 28 by Pinewoodblue |
Why should public money be used to bail out overseas investors who find themselves victims of their own greed.
The business model is flawed, they have been caught out by the Hugh increased cost of servicing debt but continued to pay unjustified dividends. |
The why is because we rely on the service. In this case, we can't not have water, so they have to be bailed out. And presumably they know this and can be more cavalier about how they run the business.
But I agree entirely - our reliance on clean water should be reason enough to not allow these services to be run under a private model where there is the potential need for bailouts (due to greed, extreme natural event/disaster, whatever). | |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:51 - Jun 28 with 2234 views | NthQldITFC |
Rotten country, run and exploited by rotten mercenaries of different shades with zero interest in the future. Radical systemic revolution required for survival. |  |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 11:31 - Jun 28 with 2161 views | chicoazul |
Anyone else really boring like me and watch the Ben Elton thing about rail privatisation the other night? |  |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 11:33 - Jun 28 with 2157 views | chicoazul |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:17 - Jun 28 by J2BLUE |
Personally I think we should nationalise all utilities and transport.
Should also set up state owned internet provider and supermarkets which are run to break even. |
Agree with the former but I definitely don’t want Sunak deciding what I can buy in Tesco thanks. | |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 11:44 - Jun 28 with 2118 views | Darth_Koont |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:41 - Jun 28 by giant_stow |
Greed seems to be king in many ways right now. Anyone in a middle manager role seems to expect hefty money in any area. Anyone in the City wants 100 grand plus just to scratch their arse. Hospital Consultants striking for a 35% increase because they have to pay 45% tax rate is another example.
There's a real divide in society, but not the one that the left sees - its deeper than that. I seem to have one foot in each camp (just by accident of birth) so maybe I'm howling at the moon. |
“There's a real divide in society, but not the one that the left sees - its deeper than that.”
Intrigued by this. What is the divide that the left don’t see? | |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 11:48 - Jun 28 with 2106 views | BanksterDebtSlave |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 10:24 - Jun 28 by SuperKieranMcKenna |
“Where's the benefit to us of public money being used to bail them out of trouble only for them to revert back to the failed privatised model once we've helped them out? “
It’s in keeping with the Government’s mantra of privatise the profits, nationalise the losses. Utterly inept, let them fail and the banks and investors take the hit. Buy them up for a quid. |
Can we ask them for all the share dividends and exec bonuses back too? |  |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 12:16 - Jun 28 with 2057 views | BlueBadger |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 11:33 - Jun 28 by chicoazul |
Agree with the former but I definitely don’t want Sunak deciding what I can buy in Tesco thanks. |
Then shop in Sainsbury's? |  |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 12:21 - Jun 28 with 2037 views | J2BLUE |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 11:33 - Jun 28 by chicoazul |
Agree with the former but I definitely don’t want Sunak deciding what I can buy in Tesco thanks. |
I never said they would have a monopoly.
A state owned supermarket which doesn't need to make a profit could sell decent healthy food cheaply and stick a small premium on junk food to pay for it. Fruit and veg could be sold for pennies.
Other supermarkets would still be available. They may have to adapt a bit but they could still get customers through the door. | |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 13:32 - Jun 28 with 1969 views | NthQldITFC |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 12:21 - Jun 28 by J2BLUE |
I never said they would have a monopoly.
A state owned supermarket which doesn't need to make a profit could sell decent healthy food cheaply and stick a small premium on junk food to pay for it. Fruit and veg could be sold for pennies.
Other supermarkets would still be available. They may have to adapt a bit but they could still get customers through the door. |
That's a good idea. I'll add it to my list of forced and unremunerated national acquisitions, come the revolution. Waitrose is an anagram of "I tow arse", after all. | |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 14:15 - Jun 28 with 1920 views | giant_stow |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 11:44 - Jun 28 by Darth_Koont |
“There's a real divide in society, but not the one that the left sees - its deeper than that.”
Intrigued by this. What is the divide that the left don’t see? |
I've been trying to gather my thoughts into one post, but it's just not working - apologies - my lack of a proper answer isn;t out of a lack of respect. Maybe the bullsh1t will start flowing another time. | |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 14:50 - Jun 28 with 1852 views | chicoazul |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 12:21 - Jun 28 by J2BLUE |
I never said they would have a monopoly.
A state owned supermarket which doesn't need to make a profit could sell decent healthy food cheaply and stick a small premium on junk food to pay for it. Fruit and veg could be sold for pennies.
Other supermarkets would still be available. They may have to adapt a bit but they could still get customers through the door. |
UBI would be a better idea even if it would be inevitably inflationary without strong government and proper regulators, lol
Edit; if it was not for profit it would inevitably be the largest supermarket in the UK within a few years and de facto a monopoly because why would you go anywhere else? [Post edited 28 Jun 2023 15:06]
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 14:57 - Jun 28 with 1829 views | soupytwist |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 11:31 - Jun 28 by chicoazul |
Anyone else really boring like me and watch the Ben Elton thing about rail privatisation the other night? |
Yes. Other than the odd bit of topical political point scoring (unnecessary in my view) it was a good summary of the state of the railway network and the results of the Tory privatisation project in general.
I understand all those chippy Northeners saying that they should get the infrastructure projects, not London but there's no reason why it has to be one or the other. |  | | |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 15:08 - Jun 28 with 1796 views | chicoazul |
| 'Emergency nationalisation' plans being drawn up for Thames Water on 14:57 - Jun 28 by soupytwist |
Yes. Other than the odd bit of topical political point scoring (unnecessary in my view) it was a good summary of the state of the railway network and the results of the Tory privatisation project in general.
I understand all those chippy Northeners saying that they should get the infrastructure projects, not London but there's no reason why it has to be one or the other. |
There’s every reason. London already has one of the best transport networks in the world. | |
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| 'Emergency nationalisation' plans being drawn up for Thames Water on 15:19 - Jun 28 with 1776 views | HARRY10 |
This is the inevitable consequence of having utilities run to benefit shareholders, rather than ran as a service.
With the rail we now have far higher subsidies (in real terms) being paid to EU state owned national companies. And when they cannot squeeze anymore out of the UK they will pull out. Just as with the 2008 sub prime mortgage crash, which had to be bailed out by government.
I expect other privatised companies to fall, just as with energy companies a year or so back. It is like watching children running home to their parents as they have run up debt, and want them to bail them out
The real question this latest failure poses is will voters begin to think for themselves, or will they like this idiot rightie I know still obsessive watch Farage at 7pm. ... Germany calling, Germany calling.
Do people prefer to be lied to, even when it is so blatant, as with Farage ? | | | |
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