Markov Unchained 😷🇪🇺🍸 on Nostr: npub1g0tuf…3tvm4 npub1gzcdq…4l4mn Every single privatisation: Turn a natural ...
npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 (npub1g0t…tvm4) npub1gzcdqqmuhpefjtldj350kkzzld4shpllrqsqh3sftc0mrmvfmfcsd4l4mn (npub1gzc…l4mn)
Every single privatisation:
Turn a natural monopoly into an artificial market. Quick win incentives to first investors. Fail to regulate or control the artificial market. Instead of investing in infrastructure, the private companies sell out to foreign investors, who borrow debt to give to execs and shareholders. Then want the customers to pay for the infrastructure upgrades. Gov props up failure. Worse, expensive service for more gov cost.
It's a long con.
Every single privatisation:
Turn a natural monopoly into an artificial market. Quick win incentives to first investors. Fail to regulate or control the artificial market. Instead of investing in infrastructure, the private companies sell out to foreign investors, who borrow debt to give to execs and shareholders. Then want the customers to pay for the infrastructure upgrades. Gov props up failure. Worse, expensive service for more gov cost.
It's a long con.