Comment on Water firms ask for bill rises of between 24% and 91%

• thr0w4w4y2@sh.itjust.works ⁨11⁩ ⁨months⁩ ago

  so the shareholders pull their funds, the water companies struggle and the taxpayer has to step in to bail them out.

  source

  • IchNichtenLichten@lemmy.world ⁨11⁩ ⁨months⁩ ago

    Bail them out? Nah, make it publicly owned.

    source

    • thr0w4w4y2@sh.itjust.works ⁨11⁩ ⁨months⁩ ago

      yes that would be awesome, but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout, plus “service all the debt the company is in” which is another bailout, before you’ve even got started with fixing the horrible lack of investment over many years

      source

      • IchNichtenLichten@lemmy.world ⁨11⁩ ⁨months⁩ ago

        but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout

        The shares would be almost worthless.

        plus “service all the debt the company is in” which is another bailout

        Nope, the company would be wound up.

        source
      • ephemeral_gibbon@aussie.zone ⁨11⁩ ⁨months⁩ ago

        Buying the shares is cheap if the company is worth nothing /goes bankrupt from fines for their environmental breaches

        source

        • -> View More Comments