3 ms·

Erf bad luck people of Iceland. Remember folks cost + shareholder profit will never be less than cost alone. Privatisation will never make things cheaper.

• missedthecue 4y ago
  In my experience, it's not true that both state and private players require the same amount of OpEx to run a concern. Usually state run organisations run projects at costs well in excess of what is actually required. Therefore, it is possible to privatize, realize a profit, and lower prices. I was tangentially involved with the privatization of a copper mine in South America. Within just a few years of it being sold off to private buyers, it was consistently profitable for the first time, extraction was up ~350%, and costs were down 40%. This was the Cerro Verde mine in Peru.
  • dv_dt 4y ago
    Aren’t competitors in a small land network by definition wasted equipment Capex if they’re actually completing. And if they’re not actually competing it is a waste by balkanization.
  • gtvwill 4y ago
    Meanwhile come to aus where we have sold out energy infrastructure and our Comms infrastructure to private enterprises. All prices have done is go up, service quality has either stagnated or declined. The examples of private industry doing it better with a better result for the society around them rather than just we made heaps big profits is actually slim af pickings. Private industry has way more examples of jacking prices and screwing people over than it does of doing good.