Emeritus Prof Christopher May on Nostr: All you need to know about how rentier #capitalism works in one bit of data: The UK's ...
All you need to know about how rentier #capitalism works in one bit of data:
The UK's water firms were privatised without any outstanding debts over thirty years ago.... now, the privatised #infrastructure (regional) #monopolies have around £62bn in debt, but are still failing to deliver an adequate service.
If that debt has not been used to invest sufficiently in the #infrastructure, which the firms now (grudgingly) admit,, you might wonder where has it gone?
I leave that for you to guess!
The UK's water firms were privatised without any outstanding debts over thirty years ago.... now, the privatised #infrastructure (regional) #monopolies have around £62bn in debt, but are still failing to deliver an adequate service.
If that debt has not been used to invest sufficiently in the #infrastructure, which the firms now (grudgingly) admit,, you might wonder where has it gone?
I leave that for you to guess!