Comment on Labour MP claims it'd cost "Upwards of £100bn to Nationalise Water". He is an extremely smart man. Why does he lie like this?

Theoriginalthon@lemmy.world ⁨1⁩ ⁨day⁩ ago

• manualoverride@lemmy.world ⁨1⁩ ⁨day⁩ ago

  I’d love this to be a 4 step plan however…

  Step 5, Watch the collapse of virtually all private pensions in the UK as their value drops due to heavy investment in various water companies.

  Step 6, Watch the gilt markets collapse as the UK government is seen as reckless and anti business as it removes assets from private investors.

  Step 7, government borrowing goes up just as debt to GDP goes flying past 100%.

  Step 8, government collapses and Nigel Farage comes swinging to the “rescue” by stuffing as many of the remaining £50 notes passing through the government into his pockets, and the pockets of his friends, while selling off the NHS and making the UK the first nation in the world to revert back into a 3rd world country.

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  • Stizzah@lemmygrad.ml ⁨3⁩ ⁨hours⁩ ago

    Liberal bullshit.

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  • G4Z@feddit.uk ⁨19⁩ ⁨hours⁩ ago

    Step 5, Watch the collapse of virtually all private pensions in the UK as their value drops due to heavy investment in various water companies.

    Overstated I would say, pensions are heavily diversified.

    Step 6, Watch the gilt markets collapse as the UK government is seen as reckless and anti business as it removes assets from private investors.

    If the government continues paying interest on the bonds, why would the markets collapse?

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    • manualoverride@lemmy.world ⁨12⁩ ⁨hours⁩ ago

      You know what you’re right “collapse” of the pensions is overstated, but it will hit “low risk” pensions by a couple of percentage points. Low risk pensions options are mostly owned by people in their 60s who are keeping a close eye on their retirement income, and who also vote in large numbers, not the people you want to make clear you are going to take away a few hundred a month for the rest of their lives.

      Just today government borrowing went up just because the growth forecast was a little worse then expected. If the government is suddenly on the hook for tens of billions in water infrastructure investment at the same time they are seen as anti-business and willing to rug-pull private investment, you bet foreign governments will sell their investments in the UK.

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  • TheGrandNagus@lemmy.world ⁨22⁩ ⁨hours⁩ ago

    NOOO

    Stop putting thought into things!

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    • manualoverride@lemmy.world ⁨21⁩ ⁨hours⁩ ago

      In that case I know a political party you’ll love… until the “find out” period comes for you.

      Just ignore what is happening elsewhere, I’m sure it will be different here.

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  • thr0w4w4y2@sh.itjust.works ⁨22⁩ ⁨hours⁩ ago

    100% I’d love to see nationalised utilities more than anyone else but we need to be realistic that the two choices are:

    1. the government spends an obscene amount of money to buy out the private interests, economy collapses and faraj gets in, or
    2. the government changes laws and takes ownership of the companies (and the debts) some way, needs to borrow tons to service the debts, economy collapses and faraj gets in, or
    3. the government just straight up steals control and the shareholders eat the losses. The above scenario plays out where pension funds collapse, the country is punished by investors withdrawing, economy collapses, faraj gets in. Free holidays to El salvador all round.

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    • manualoverride@lemmy.world ⁨21⁩ ⁨hours⁩ ago

      There is another way… the new government regulator can force terms on the water companies that limit bill hikes, pay, dividends and bonuses until the upgrades they were supposed to do over the last 40 years are completed and their debts are repaid.

      The pensions take a bit of a hit without wiping them out and the government is just ensuring the vital infrastructure is upgraded and sewage is treated as promised when they privatised.

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      • sunzu2@thebrainbin.org ⁨21⁩ ⁨hours⁩ ago

        US uses regulatory commissions for electricity among other utilities...

        It doesnt work.

        The parasite captured it too. I am not even sureif anything works due to culture of corruption within Corp and state institutions

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    • sunzu2@thebrainbin.org ⁨22⁩ ⁨hours⁩ ago

      There is nothing that can be done tbh... just let them loot it. fuck it, who cares. The rich deserve to live their best lives.

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      • thr0w4w4y2@sh.itjust.works ⁨22⁩ ⁨hours⁩ ago

        No, they need to be made to put it right. But that requires a strong regulatory framework, sustained pressure from government backed with expertise and oversight from a capable civil service and it will take years.

        Or we can burn it all down and get faraj who will not give two shits about water quality. The choice is ours.

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• Hossenfeffer@feddit.uk ⁨1⁩ ⁨day⁩ ago

  That would be a good day (except a bunch of pension funds would take a hit).

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• splonglo@lemmy.world ⁨21⁩ ⁨hours⁩ ago

  how to save money and win elections with this 1 easy trick billionoids don’t want you to know about

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• Thedogdrinkscoffee@lemmy.ca ⁨1⁩ ⁨day⁩ ago

  What step do you drink shareholder blood and decorate facilities with heads on spikes?

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