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

• thr0w4w4y2@sh.itjust.works ⁨5⁩ ⁨weeks⁩ ago

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

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  • IchNichtenLichten@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

    Bail them out? Nah, make it publicly owned.

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    • thr0w4w4y2@sh.itjust.works ⁨5⁩ ⁨weeks⁩ 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

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      • IchNichtenLichten@lemmy.world ⁨5⁩ ⁨weeks⁩ 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.

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      • ephemeral_gibbon@aussie.zone ⁨5⁩ ⁨weeks⁩ ago

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

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