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

• IchNichtenLichten@lemmy.world ⁨5⁩ ⁨months⁩ ago

  Bail them out? Nah, make it publicly owned.

  source

  • thr0w4w4y2@sh.itjust.works ⁨5⁩ ⁨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 ⁨5⁩ ⁨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 ⁨5⁩ ⁨months⁩ ago

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

      source

      • thr0w4w4y2@sh.itjust.works ⁨5⁩ ⁨months⁩ ago

        I’d be happy if that happened.

        source