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

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AnyOldName3@lemmy.world ⁨2⁩ ⁨days⁩ ago

It being obviously fucking stupid to anyone with the slightest grasp of reality doesn’t mean that Thatcher didn’t think it was true and wasn’t one of the people unwilling to think. She should have been sectioned for being deluded into thinking Atlas Shrugged was real life, but instead managed to get elected, and decades later, we’re still dealing with the consequences of putting the country in the hands of someone guided predominantly by their favourite storybook.

There’s really clear evidence that there was an attempt to make normal people buy stocks in water companies in the fact that there was heavy television advertising in the run-up to privatisation encouraging people to buy stocks in water companies while they were still a fixed price. Post-Thatcher privatisation of UK infrastructure and public services, on the other hand, has always been done behind closed doors straight into the hands of hedge funds, venture capital, and individuals capable of buying the whole thing. The end result is always the service going to shit once there’s a profit motive conflicting with the service motive, but if you compare the percentage of these companies that are owned by pension funds and individuals who hold less than a few hundred pounds worth, it’s clear that the water companies have much more of their ultimate ownership in the hands of normal people than, for example Royal Mail. Obviously (to sane people), it’s way less than if the state owned the water companies, but it’s not nothing.

Accusing a post of whitewashing Thatcher when its opening line explicitly states she was evil is a pretty big leap. Calling someone evil should be the opposite of whitewashing, and isn’t inconsistent with saying they thought they were helping. Plenty of evil people are deluded into thinking they’re doing something moral and that, because of that, the ends will justify their amoral means, or they don’t even notice their means are amoral.

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