Comment on Private water company increases CEO pay by nearly 100%. This is how Steve Reeds, UK water minister, reacts

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leisesprecher@feddit.org ⁨1⁩ ⁨day⁩ ago

Oh no, she did not think it would help normal people.

Just think about what kind of system you’re describing: local people owning shares of their utilities. That’s ownership by the populace. So, you know, public ownership. Like the system already in place.

The story you’re describing is just an attempt to sell redistribution to people who are not willing to think. Even in the best case, this would be a giant rent-seeking scheme for banks and pension funds. And we’re definitely not living through the best case here.

Stop trying to whitewash politicians. Especially not the ones who showed time and time again that they don’t give a shit about the literal survival of anyone poorer than them.

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