Aneirin
Posts: 6121
Joined: 3/18/2006 From: Tamaris Status: offline
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quote:
ORIGINAL: Vendaval Great responses everyone. And Bull is right on the money about holding the Governments accountable to the people not the lobbyists. Aneirin, could you please explain a bit more about the UK utilities being sold to the highest bidder. Are they now owned by a multi-national or UK company rather than the government? What are some of the results? Back in the 1980's privatisation of state owned industries began in a bid to shed fat which had accumulated in these industries due to them being state owned and managed. Basically inefficiently, they or some of the utilities were costing more than they were producing due to the inefficiency, slack and waste. The other reason was these industries broken down and sold to the public, should provide a better market where competition breeds better prices and service for the customer, us. That was the idea, although some suggest the state owned companies were taken without asking and sold to politicians pals, as the voter was not consulted on the proposed sale. What was 'privatised' was CEGB, (electricity generation and supply ), British nuclear electric, British water utilities, British gas, British steel, British aerospace, British airways, British coal, British petroleum, British rail, British telecommunications and I think, the Post Office. The government maintained control by indepenant regulators who were hired and fired by ministers, but the regulators froze prices to the customer, not so a private company could not make any profit, they could keep what profit was made by increased efficiency.Efficiency sometimes comes via slimming down, resulting in not only job loses, but overworked staff and the inevitable results, poor service to the customer, but the shareholders get to keep the profits. So, the initial idea was that many private companies would generate a better service to customers, but companies take over other companies until there are just big fish in the pond with those fish snapping at each other, business and the way of it. Currently, most of what was British is owned by foreign companies, including the US. The french in the form of EDF own most of our electricity, and might although the current deal has failed, own all of our nuclear power, which the government still held a large stake of. We use continental storage for our oil which has to be bought back at an inflated price, and Russia has it's hand on the tap of imported gas. We have control of nothing, and as a result, as a nation, we are naked. Oh, there is one thing we do have that was recently taken under state control, Northern Rock, the bank that took on the U.S. mortgage debt in a bid to make mega bucks for it's shareholders. Britain owns bad debts in another country, that makes sense. Before the privatisation, it was rubbish, and now after, it is not that great, somewhere it has gone a little astray, but hey ho, it has made a lot of fat cats even wealthier, and some politicians and that is all politicians want, wealth and power.
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Everything we are is the result of what we have thought, the mind is everything, what we think, we become - Guatama Buddha Conservatism is distrust of people tempered by fear - William Gladstone
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