Re:Why Britain Doesn’t Build
by ClumsyPilot on Monday June 26, 2023 @09:32PM
(#36487974)
water companies have build Zero new water reservoirs in the entire 50 years of their existance. In 10 yeats London will start running out of water and we will have to bail them out like we bailed out the banks.
Re:Why Britain Doesn’t Build
by robertlagrant on Tuesday June 27, 2023 @06:53AM
(#36491231)
> It is a direct transfer of public wealth into private ownership and it has invariably led to worse outcomes where it has occurred. Social housing, royal mail, and water infrastructure are the obvious examples but less obviously there's PFIs, energy, and the nhs.
This is too broad a category. You can't criticise people owning homes by using examples of private(ish) ownership of infrastructure.
The kind of mass sell-off that occurred could only be considered a massive failure. Selling individual properties at market value when the intention is to reinvest that money is clearly without objection. But to this day, the government offers discounts of up to 70% on social housing. It is a direct transfer of public wealth into private ownership and it has invariably led to worse outcomes where it has occurred. Social housing, royal mail, and water infrastructure are the obvious examples but less obviously there's PFIs, energy, and the nhs.