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?

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TheGrandNagus@lemmy.world ⁨4⁩ ⁨days⁩ ago

All well and good, but then we’d have a truss-like markets meltdown that drives up the cost of all borrowing and destroys investment.

There’s a reason the government mass seizing industry is only done by banana republics.

We’re better off letting them go bankrupt and letting the government step in as operator of last resort, as the law already lays out.

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