3 ms·
Lol not if we re-nationalise the assets first! What's failed here is putting base infrastructure in the hands of capitalism. Remember kids, shareholder profit +
by gtvwill 4y ago
Lol not if we re-nationalise the assets first! What's failed here is putting base infrastructure in the hands of capitalism. Remember kids, shareholder profit + cost will never be equal to or less than cost itself. Anyone trying to sell you the idea capitalism and a free market will do it better is just blatantly lying.
- idiotsecant 4y agoCapitalism collared by well-reasoned regulation is an extremely powerful combination, but that's not what we have. Utility markets have a built-in safety net for the parties involved that dampens the good parts of capitalism (efficient, innovative services at the lowest possible cost) tremendously. I have a lot of experience in the public & private (really pseudo-public) utility world and a lot of experience out in private industry it's a huge difference.