The first thing about
plumbing is knowing water
always runs downhill
~
n.b. There is plenty of profit in running a water company, but where is the incentive to fix the antiquated infrastructure when shareholders can keep taking dividends? £57bn in share of profits has been paid out since privatisation of Britain’s water utilities. My picture shows flooding in my local street caused by a burst water main. According to the GMB union, 70% of the English water firms highly profitable shares are held overseas. The company names are dressed up to seem local, e.g. Anglian Water, but that is just superficial branding; the firm is mainly owned by Canadian and Australian capitalists. Who exactly is benefiting from privatisation of state assets?
CLP 13th October 2020
Rightly said. Great topic.
Good morning Kritika. Privatisation is the failure of government to serve its people.
Good Morning 🙂