I see an interesting parallel to the nationalisation of UK coal back in the day. Basically, the collieries prior to nationalisation were critically mismanaged. So, the government bought them off the private hands. However, the valuation was too high for an outright purchase, so the Government bought the infrastructure in installments. This meant that as an award to the previous owners for severe mismanagement they got regular income without having to do anything to get it.
I think there’s a lesson in there, some where.
Psaldorn@lemmy.world 5 hours ago
But I bet there was profit for the shareholders.
Privatised water, what could go wrong?