Quote:
Originally Posted by jfman
Poor management doesn’t equate to the underlying economics being flawed.
---------- Post added at 20:31 ---------- Previous post was at 20:29 ----------
When we’re being price gouged in the absence of competition and the profits and dividends are heading to other countries I think it’s a valid point to raise.
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That's without mentioning the lack of investment in certain utilities infrastructure and the horrific levels of debt being loaded on those companies by their foreign owners, you can see what's coming, privatised profits and nationalised debt. It's funny that some of the most anti EU among us are quite happy to be subsudising French consumers electricity bills and German water bills for example, I'm not.
Quote:
Originally Posted by OLD BOY
The problem with your flawed way of thinking is that you can't seem to distinguish between your understanding of economics with reality. Nationalisation does not work, and you need to start studying economic history to understand that.
Jfman, I have lived through this. I have experienced the nationalised industries of the 1970s, the three day weeks, the high prices and the poor service. There was insufficient investment and this country was going down the plughole until Thatcher reversed this.
When privatiation came along, everything was transformed. Bright new trains, new cable companies coming in with their new ideas and cheaper prices. Those werre the days of optimism.
When our cable guy came round, we were only interested in reducing our phone costs. I had previously asked BT how much it would cost to install a new phone line for one of my daughters. I was quoted £130 and so I said no (much to the annoyance of my daughter). Shortly afterwards, I asked the cable guy how much it would cost and he said £30.
We then went on to add cable TV to our package!
This is just one little example of the changes that privatisation introduced to the population, and the numerous experiences of people who lived through this period explains the derision that you must be picking up from people like your good self who cannot fathom why most of us do not want to go back to those days.
Yes, private companies are not without fault and must be regulated, but privatisation is better by a country mile than nationalisation.
Let's not make these mistakes yet again.
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Funny isn't it how those advocating Maggie's privatisation giveaway forget the major sell offs occured toward the end of regime ie after the strikes stopped...
Quote:
Originally Posted by OLD BOY
Ah, bless! Yes, our visions of reality. Which, being reality, happened at the time!
My reality is not skewed. I lived it, you did not, and you think you know different. Please let's forget we have ever learned anything from experience. Unfortunately, guys like you prefer the fake news.
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Your reality is skewed, you lived it, it's in the past, this isn't the1970's, our union and strike laws are among the strictest in the World to ensure a return to those days is next to impossible as the posties found out the other day