"Privatising profit but socialising cost" didn't happen. Profit and cost were privatised together. It's rtpg's misunderstanding. See my comments above. From rtp

"Privatising profit but socialising cost" didn't happen. Profit and cost were privatised together. It's rtpg's misunderstanding. See my comments above. From rtpg's reply, rtpg is in fact against privatisation itself, not just against socialising cost.