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UK public has paid £200bn to shareholders of key industries since privatisation

8mon 2d ago by lemmy.world/u/ChocolatChaud in europe@feddit.org from www.theguardian.com

Privatisation is wholesale theft of public property.

But they're more efficient at running their natural monopolies. So efficient they don't need to invest in any kind of long term infrastructure. I, for one, am very pleased to contribute to foreign pension funds.

System works as designed.

This is how privatization works. The government service is paid for using taxpayers money. When it’s private, the taxpayers money still goes to the private company doing the work. The problem is those private companies charge more for a shittier product with less oversight.

Neoliberalism will be the death of us.