Comment on Thames Water fined £122.7m in biggest ever penalty
HumanPenguin@feddit.uk 4 days agoHonestly, if Honestly, if we nationalized now. The debtors would expect the gov to pay. And it would be hard to refuse. At least without harming our national credit/trust.
Let the fuckers go bankrupt. Spend some time letting the military have to provide clean water. Aka 70s stand pipes.
Then rebuild them as a nationalized company. This way the debtors cannot claim Thames water was anything but a dumb investment on their part.
It is very likely the extra 3b they just borrowed was only allowed because the banks consider potential nationalisation a risk reduction strategy. Fuck letting them screw taxpayers by funding failing companies. we nationalized now. The debtors would expect the gov to pay. And it would be hard to refuse. At least without harming our national credit/trust.
Let the fuckers go bankrupt. Spend some time letting the military have to provide clean water. Aka 70s stand pipes.
Then rebuild them as a nationalized company. This way the debtors cannot claim Thames water was anything but a dumb investment on their part.
It is very likely the extra 3b they just borrowed was only allowed because the banks consider potential nationalisation a risk reduction strategy. Fuck letting them screw taxpayers by funding failing companies.
Reddfugee42@lemmy.world 4 days ago
The great thing about nationalizing something is you can just tell the debt collectors to fuck off.
HumanPenguin@feddit.uk 4 days ago
Not if you want those debtors top invest in anything in your nation again.
The nation is then faced with a banking industry that refuses to trust any large government projects. So we then have to find the money for any investment before building.
piccolo@sh.itjust.works 4 days ago
The same investors that actively allow citizens to be poisoned for profit? Sounds like a their problem.
Reddfugee42@lemmy.world 3 days ago
If rapid emergency nationalism happens that frequently in your nation, that would be a prudent decision. Hopefully it’s not so.