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See the crumbling privatised water infrastructure in London/England as another example of this. The companies in charge allowed the infrastructure to crumble a
by bluerooibos 2y ago
See the crumbling privatised water infrastructure in London/England as another example of this. The companies in charge allowed the infrastructure to crumble all whilst paying out massive shareholder dividends and holding huge amounts of debt. Then they dare to ask for government bailouts and increased utility bill prices. Someone explain how that's even allowed.
As usual, socialism for the losses, capitalism for the profits.
- olddustytrail 2y agoIt's worse than that. Those massive debts are from loans from a loan company. The parent company of the loan company is also the parent company of Thames water. It's all a massive scam. It would be better if companies were not able to own other companies.
- kjkjadksj 2y agoIn the US companies are sometimes considered people, which really perverts what they can do.