UK public has paid £200bn to shareholders of key industries since privatisation
https://www.theguardian.com/politics/2025/sep/16/uk-public-paid-200bn-to-shareholders-of-key-industries-since-privatisation-study
76 points · 5 comments · view on lemmy.world
5 Comments
trollercoaster@sh.itjust.works · 24 pts · 362d
Privatisation is wholesale theft of public property.
hairyfeet@lemmy.ml · 13 pts · 362d
But they're more efficient at running their natural monopolies. So efficient they don't need to invest in any kind of long term infrastructure. I, for one, am very pleased to contribute to foreign pension funds.
Diplomjodler3@lemmy.world · 3 pts · 362d
System works as designed.
nosuchanon@lemmy.world · 2 pts · 360d
This is how privatization works. The government service is paid for using taxpayers money. When it’s private, the taxpayers money still goes to the private company doing the work. The problem is those private companies charge more for a shittier product with less oversight.
ga_so_art@piefed.social · 1 pts · 361d
Neoliberalism will be the death of us.