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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.

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IchNichtenLichten@lemmy.world ⁨11⁩ ⁨months⁩ ago
Bail them out? Nah, make it publicly owned.

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- 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
  
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  - 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.
    
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  - 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
    
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    thr0w4w4y2@sh.itjust.works ⁨11⁩ ⁨months⁩ ago
    I’d be happy if that happened.
    
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