Thames Water investors say temporary nationalisation would slow its recovery

Comments

• towerful@programming.dev ⁨4⁩ ⁨weeks⁩ ago

  I suggest permanent nationalisation

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• Codpiece@feddit.uk ⁨4⁩ ⁨weeks⁩ ago

  Are these the same investors who have plundered it for so long?

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  • tetris11@feddit.uk ⁨4⁩ ⁨weeks⁩ ago

    It’s not, that’s literally their game. They take over the utility, ask for a grant from the government to improve their services, use the dividends to increase the stock, and then sell the company on to new investors. Rinse and Repeat

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• danielquinn@lemmy.ca ⁨4⁩ ⁨weeks⁩ ago

  There’s no need for it to be temporary.

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• iocase@lemmy.zip ⁨4⁩ ⁨weeks⁩ ago

  I can’t think of a more natural monopoly than a fucking river.

  How do you laissez faire the Thames? Dredge a second polluted scar in the earth right next to it? Why isn’t it already nationalized?

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