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.