Why privatisation has been a costly failure in Britain

Re:Why privatisation has been a costly failure in Britain by selimnairb on Tuesday July 11, 2023 @06:14AM (#36678831)

> but all it has done is provided more ways for private companies to extract money from the general population.

Then the system is operating as it was designed to. This is the coercive law of competition in action. And regulation won’t help in the end. Ultimately, without an overarching ideological project beyond capital accumulation, the motivation to accumulate wealth dissolves all social bonds that enforce trustworthiness, so regulation is doomed to fail due to bribery and petty corruption.

[ Parent | on HN ]

Re:Why privatisation has been a costly failure in Britain by XorNot on Tuesday July 11, 2023 @06:35AM (#36679007)

"Laws are sometimes broken therefore why even bother having laws?"

We don't make murder legal because it still happens, and the existence of corruption doesn't make regulation a bad idea - it means we need to clamp down on corruption.

White collar crime has good PR representation, and that needs to stop.

[ Parent | on HN ]

Re:Why privatisation has been a costly failure in Britain by a1o on Tuesday July 11, 2023 @09:39AM (#36680811)

I think both of you are correct, but what this implies is a different system - we would need to put resources into figuring it out how this system would work.

[ Parent | on HN ]