Submitted by greatdevonhope t3_z917pq in worldnews
Comments
HeftyArgument t1_iyetxo8 wrote
A few more liberal terms and it'll happen, and if it doesn't happen on the first attempt; they'll just try again next time.
Much like how they try to kill off HECS and TAFEs every time they take power.
They run on being better economic managers but they seem more like short term investors pumping and dumping the entirety of the country they're supposedly there to serve.
008Zulu t1_iyemszr wrote
So how are they planning to hold these foreign entities accountable?
thator t1_iyenwmp wrote
Need to put in laws that result in massively crippling fines, if they get little to no profits with out maintaining the infrastructure they will either fix or sell.
LuangPrabangisinLaos t1_iyfbhhp wrote
There aren't trade agreements that prohibit they sort of protectionism?
MajorPlayer_Vegas t1_iyeoe4n wrote
Seize assets in National interest...
[deleted] t1_iyf12ok wrote
[deleted]
LavaMcLampson t1_iyf1v3k wrote
Ofwat tells the water companies what to do and how much they can charge bill payers. Of course a lot of people don’t like the way they do that but if the government wanted to change their mandate they could do that very easily.
craiger_123 t1_iyex4dr wrote
Water is going to be the next oil. Is here
Senyu t1_iyfdolm wrote
Begun, the water wars have.
DividedState t1_iyf1oeb wrote
When greed meets stupidity anything is possible.
autotldr t1_iyekgfi wrote
This is the best tl;dr I could make, original reduced by 94%. (I'm a bot)
> Foreign investment firms, private equity, pension funds and businesses lodged in tax havens own more than 70% of the water industry in England, according to research by the Guardian.
> The complex web of ownership is revealed as the public and some politicians increasingly call for the industry to be held to account for sewage dumping, leaks and water shortages.
> The research reveals at least 72% of the industry is controlled by firms in 17 countries, while UK firms own 10%. Ownership of 82% of the water industry was traced overall.
Extended Summary | FAQ | Feedback | Top keywords: water^#1 company^#2 investment^#3 own^#4 firm^#5
level100Weeb t1_iyen8al wrote
isnt that the fault of english investment firms not seeing that their own water industry is a better investment than foreign companies see it?
Mr_Happy_80 t1_iyf5bkl wrote
It's the fault of Conservative governments selling state assets to their friends for pennies on the pound. The resulting lack of investment is why our beaches are polluted and raw sewage is being pumped in to our rivers.
If you want an example of why private companies are the wrong people to own and run public services then look at the UK. From water, to public transport, to health care, to electricity, to oil and gas, to post, it's one monumental cluster fuck set up to line the pockets of shareholders with tax payer's money.
DocMoochal t1_iyepehu wrote
This comment is very dystopian.
Plenty_Fun6547 t1_iyfciy0 wrote
I think it's realititorian, my good man.
kthulhu666 t1_iyenes5 wrote
I'd guess more the fault of shorter term investing.
Chroko t1_iyfbjo4 wrote
Imagine thinking that entities with the least amount of money are to blame for problems under capitalism.
MrJenzie t1_iyf9675 wrote
and no change from the last time this was reported
and ANYONE is surprised, since privatisation started in the UK
were you expecting all those shares to be bought and owned by BRITISH citrizens?
non story
Jobless_Jones t1_iyfbyqb wrote
Typical shortsighted neolib policy
imapassenger1 t1_iyeodt9 wrote
I was living in England in 1989-90 and saw ads on TV for the privatisation of water. Even then I thought "this isn't a good idea". Thankfully we've not done that (yet) in Australia although we've flogged off everything else.