The Failure of Privitisation

[tramssirhc]

None of the previously public owned industries are any different. From the railways to the steel industry. The warnings are there and the CWU should be campaigning for renationalisation of the postal industry now. Thames Water shows what happens to a monopoly business that the capitalists know they can bleed dry turning debt into dividends.

https://morningstaronline.co.uk/article ... onalise-it

[TopperGas]

None of the previously public owned industries are any different. From the railways to the steel industry. The warnings are there and the CWU should be campaigning for renationalisation of the postal industry now. Thames Water shows what happens to a monopoly business that the capitalists know they can bleed dry turning debt into dividends.

https://morningstaronline.co.uk/article ... onalise-it

It's a bit late now to call for re-nationalisation just after the Labour Government have waved though the sell of RM to DK? THE CWU were calling for it before the sale was agreed but seemed to have little public support.

[hans solo]

The CWU shat their pants when we were getting privatised
They actually said it was a good thing to happen
Just like agreeing this takeover is in our interest

[Jefferson Starfish]

None of the previously public owned industries are any different. From the railways to the steel industry. The warnings are there and the CWU should be campaigning for renationalisation of the postal industry now. Thames Water shows what happens to a monopoly business that the capitalists know they can bleed dry turning debt into dividends.

https://morningstaronline.co.uk/article ... onalise-it

It's a bit late now to call for re-nationalisation just after the Labour Government have waved though the sell of RM to DK? THE CWU were calling for it before the sale was agreed but seemed to have little public support.

Sums up Chris and his PWRFC mates!
They're trying to shut the stable door years after the horse has bolted.

[SkiSunday]

None of the previously public owned industries are any different. From the railways to the steel industry. The warnings are there and the CWU should be campaigning for renationalisation of the postal industry now. Thames Water shows what happens to a monopoly business that the capitalists know they can bleed dry turning debt into dividends.

https://morningstaronline.co.uk/article ... onalise-it

It's a bit late now to call for re-nationalisation just after the Labour Government have waved though the sell of RM to DK? THE CWU were calling for it before the sale was agreed but seemed to have little public support.

Sums up Chris and his PWRFC mates!
They're trying to shut the stable door years after the horse has bolted.

Why is there a problem with his statement though? Every single 'service' that has been privatised in the UK over the years has been utterly decimated. The NHS is next. Late stage capitalism is upon us and the future is looking grim.

[tramssirhc]

None of the previously public owned industries are any different. From the railways to the steel industry. The warnings are there and the CWU should be campaigning for renationalisation of the postal industry now. Thames Water shows what happens to a monopoly business that the capitalists know they can bleed dry turning debt into dividends.

https://morningstaronline.co.uk/article ... onalise-it

It's a bit late now to call for re-nationalisation just after the Labour Government have waved though the sell of RM to DK? THE CWU were calling for it before the sale was agreed but seemed to have little public support.

Its never too late and in reality it's progressive and preemptive. The railway unions have never stopped attacking the privitisation of their industry. They were right and now the industry is about to return to the public. The water industry is on the verge of returning to the public. Thames is the canary in the mine for postal workers. It's business model is about to be replicated in the postal industry. The USO will return to the public. The public should not have to rescue the postal industry whilst the industry walks away with debt dividends. The current holder of the USO should return to the public as it is today to allow the continued cross subsidy of the USO by a mix of work. The USO has always been cross subsidised. This is the argument the CWU should be making. There is massive public support for publically owned and run industries especially the postal industry. Simply because the CWU does not campaign for it does not mean it is not a reality.

[tramssirhc]

None of the previously public owned industries are any different. From the railways to the steel industry. The warnings are there and the CWU should be campaigning for renationalisation of the postal industry now. Thames Water shows what happens to a monopoly business that the capitalists know they can bleed dry turning debt into dividends.

https://morningstaronline.co.uk/article ... onalise-it

It's a bit late now to call for re-nationalisation just after the Labour Government have waved though the sell of RM to DK? THE CWU were calling for it before the sale was agreed but seemed to have little public support.

Sums up Chris and his PWRFC mates!
They're trying to shut the stable door years after the horse has bolted.

The horse has indeed been running wild for years but it's never too late to return the horse to the stables and to secure the door. Why should the public get to rescue the horse but never enjoy the winnings?

[Trumanity]

What's Privitisation?

[ted_e_bear]

What's Privitisation?

Is it something to do with a Hedge fund

[SkiSunday]

What's Privitisation?

A misspellng of privatisation?

[Tman]

=tramssirhc post_id=1129379 time=1748591412 user_id=43647]
The railway unions have never stopped attacking the privitisation of their industry. They were right and now the industry is about to return to the public.

Only because the franchises failed financially, and nothing to do with the unions.

The water industry is on the verge of returning to the public. Thames is the canary in the mine for postal workers.

Again, only because of Thames Water's mismanagement. Then again, Starmer has already said his gov't (ie us) can't afford to renationalise it anyway. Other water companies aren't failing.

It's business model is about to be replicated in the postal industry. The USO will return to the public.

Tripe. People need water and many need transport. No-one cares who delivers the weekly pizza flyers.
That said, all those privatisations were a mistake from Day 1.

[Trumanity]

What's Privitisation?

Is it something to do with a Hedge fund

Are you pulling my Ligustrum?

[Mr Rush]

They actually said it was a good thing to happen

At the very least we were issued shares. Some colleagues got a decent windfall selling theirs off ASAP. It reminds me of the sell off of Soviet public utilities in the early 90s. And just like then, the majority of shares have ended up in the hands of an oligarch. Dan owns a football club like the rest of them, so let us call a spade a spade.

[SkiSunday]

They actually said it was a good thing to happen

At the very least we were issued shares. Some colleagues got a decent windfall selling theirs off ASAP. It reminds me of the sell off of Soviet public utilities in the early 90s. And just like then, the majority of shares have ended up in the hands of an oligarch. Dan owns a football club like the rest of them, so let us call a spade a spade.

Be a billionaire, buy up and asset strip companies for a 5% yield on your billions, to the detriment of the shitty country you are shafting. Profit!

[tramssirhc]

What's Privitisation?

A spelling mistake.