Oh my Jesus, can we just renationalise them already?
‘We can only squeeze money out of this debt strangled utility if you exempt us from liability, particularly the executives in charge’
What a load of horseshit.
Why not just make it so they don’t have to provide any services at all and just throw them loads of our fucking money?
Classic privatize gains, socialize liability vibes.
And nobody even gets to go to prisn
And why the fuck do they should be granted immunity?
Even the USA has nationalised water, FFS…
Well, depends on the municipality. My local government does water, and according to this, that’s more-common than not, but that’s not a universal.
https://en.wikipedia.org/wiki/Water_privatization_in_the_United_States
In the latter half of the 19th century, private water systems began to be a part of municipal services.[1] As of 2011, over three quarters of US local governments surveyed by the International City/County Management Association provide water distribution entirely with public employees. Over two thirds of municipalities provide water treatment publicly, and over half provide sewage collection and treatment publicly. These rates have remained relatively stable over time.[2]
Private water companies have been operating in the United States for over 200 years and now number in the thousands. Collectively, the private water industry serves more than 73 million Americans.
The problem with renationalising it is that we’d inherit the billions of debt.
Is that not inevitable once this round of vultures pick at the carcass some more anyway?
That debt will be bigger the longer it is left before nationalising it. The situation shouldn’t have been left to fester for so long.
