Why privatisation has been a costly failure in Britain

Re:Why privatisation has been a costly failure in Britain by cmrdporcupine on Tuesday July 11, 2023 @05:55AM (#36678646)

Almost the entire western world did, starting in the early 90s, and those of us who tried to stop it at the time were derided as clueless naive economic illiterates (and still are.)

And the west pushed this Privatize All The Things model into the former Soviet bloc, too, where mass brutal privatization of the huge portfolio of state assets created the kleptocrat economic they have there now.

Nobody ever denied that the free market is efficient. The question is: efficient at what?

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Re:Why privatisation has been a costly failure in Britain by krapp on Tuesday July 11, 2023 @06:05AM (#36678737)

>Nobody ever denied that the free market is efficient. The question is: efficient at what?

Moving control of capital to capitalists. That's what it does. That's all it does. That's all it's ever been capable of doing.

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Re:Why privatisation has been a costly failure in Britain by mantas on Tuesday July 11, 2023 @08:01AM (#36679768)

Oh, we did get (and still do get) lots of „consultants“ from West advising us to privatise all the things. Some paid by West governments, some paid by private funds (= big businesses).

As for zones of influence... It is very real. That's why we jumped into NATO at first opportunity. A lot of companies were privatised looking for capital from, e.g., specifically USA, to make sure they have more interest in our survival. And any Russian investment is seen as a possible risk.

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