Quote:
Originally Posted by Margaret Pilkington
The energy companies were de-regulated so that there would be more competition.
This hasn't happened. All that has happened is that the big six energy firms are running what amounts to a cartel.
Wholesale gas prices have fallen, but yet the CEO's of these robbers are trying to tell us otherwise...and how can it cost more to pipe the supplies into out homes today than it did yesterday...it is the same gas, the same pipes.
Operating a cartel is illegal and that is what the government should be getting to grips with.
The energy companies have not been forthcoming about where the money they are taking from customers is going...and the CEO of OVO says they have hidden their dosh so well that the government will have a hard job finding it...says a lot doesn't it?
Some of our energy firms are in the hands of foreign owners......do you think they would be happy to hand these businesses back...and at what cost??
How would the re-nationalization be funded? By the tax payer? Whichever way it is done it is going to cost you and me...the little people in this equation, lots of money
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Point is that it should have been obvious to the government, given the nature of private sector corporations, that the last thing these corporations are interested in is lower energy prices thro' competition. They are interested only in profits for their major shareholders and fat salaries and bonuses for their top executives.
Maybe, while there is still time, folks should be more actively concerned about the creeping privatization in health care and education.
And forget about who owns energy companies ... just take control. The ayrabs did this with their oil resources. Boot out the foreign corporations.
I'm not suggesting that there is no place in any economy for private entrepreneurship ... obviously there is. But there are some areas where it just doesn't work: power generation and delivery, rail transportation, health, education ... and you could probably come up with a few more. Nationalization of everything is misguided socialist ideology. Private ownership of certain vital industries (and Health Care is a vital industry) is misguided tory ideology.