Why can’t we just let Thames water go bankrupt and then take it into public ownership for whatever the fair value of a bankrupt company is (presumably not very much)
Agreeable_Falcon1044 on
And this is why ALL water companies needs to be nationalised immediately. It’s an essential service and should be 100% controlled by the government, not in the hands of billionaires with links to unsavoury characters
Privatization made sense for some companies and industries in the 1980s, particularly in the light of technological advances. British Telecom being a good example where any attempt to keep a state monopoly would have been incredibly difficult with the rise of cell phones and the internet.
However for energy production, water, and railways it made absolutely no sense whatsoever. People do not, and never will, have a real choice in using these and that then can lead to all manners of abuse by the owners in their never ending attempt to generate profits for themselves.
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Why can’t we just let Thames water go bankrupt and then take it into public ownership for whatever the fair value of a bankrupt company is (presumably not very much)
And this is why ALL water companies needs to be nationalised immediately. It’s an essential service and should be 100% controlled by the government, not in the hands of billionaires with links to unsavoury characters
Deja vu?
[https://www.npr.org/2026/01/07/nx-s1-5668254/how-billionaire-and-trump-donor-paul-singer-could-benefit-from-maduros-removal](https://www.npr.org/2026/01/07/nx-s1-5668254/how-billionaire-and-trump-donor-paul-singer-could-benefit-from-maduros-removal)
Privatization made sense for some companies and industries in the 1980s, particularly in the light of technological advances. British Telecom being a good example where any attempt to keep a state monopoly would have been incredibly difficult with the rise of cell phones and the internet.
However for energy production, water, and railways it made absolutely no sense whatsoever. People do not, and never will, have a real choice in using these and that then can lead to all manners of abuse by the owners in their never ending attempt to generate profits for themselves.