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

• IchNichtenLichten@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Bail them out? Nah, make it publicly owned.

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  • thr0w4w4y2@sh.itjust.works ⁨1⁩ ⁨year⁩ 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 ⁨1⁩ ⁨year⁩ 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 ⁨1⁩ ⁨year⁩ ago

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

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      • thr0w4w4y2@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

        I’d be happy if that happened.

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