- Joined
- Dec 22, 2003
- Messages
- 36,074
It's funny isn't it @Embattle. The amount of money it would take to fix pipes and install the correct infrastructure for sewage treatment seems to be about the amount of money that has gone to private shareholders of the water companies since they were privatised.
So - the story so far and my prediction for the future:
Meanwhile, the environment is literally filling up with shit.
Sorry @Moriath, maybe I should have put a trigger-warning on this post?
So - the story so far and my prediction for the future:
- The Tories wrote off the huge debt on these companies (at the public's expense) before privatisation.
- The companies paid billions in dividends to the new shareholders in subsequent decades.
- The companies knowingly and illegally dumped hundreds of millions of tonnes of untreated shit into our rivers knowing that the fines are cheaper than the profits
- The likelihood will be that these debt-laden (cost of fixing) companies will be brought back into public ownership (at the public's expense) whenever Labour get back into power.
- The Tories and their voters will blame Labour for spending loads of public money.
- Tories will get back in...
Meanwhile, the environment is literally filling up with shit.
Sorry @Moriath, maybe I should have put a trigger-warning on this post?
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