Quote:
Originally Posted by Mancie
Has privatisation been good or bad for the economy and the consumer?..what were the reasons for the Tories privatising gas, electric, water, railways ect?
Now was it just for the good of the nation, or a way to restrict union powers..or a means to fend off political criticism when price increases are in the offing?... or just a means of repayment to multinational companies that have funded the party into power?
Or was it a good thing for the country?
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Privatisation has been fantastic. They privatised them because government is terrible at running business. It is much better if business can compete because the consumer wreaks the benefits. If you think a nationalised monopolistic energy company would provide cheaper prices in today's climate then you're sadly mistaken. The problem we have is that 90% of oil producing companies around the world are nationalised state run monopolies that are incredibly big, bloated and inefficient providing me you and everyone else with massive prices to pay.
Take petrol. Its already sky high and government think its a fantastic idea to sky rocket it by taking 80% of your money in tax. I hate tax - government are terrible at spending your money, they waste, waste and waste some more.
The railways I have always seen as a monopoly. Competition does not work there. When I go to the train station, I get on Northern Rail, every time. I have no choice in the matter. Without competition privatisation does not work, its just as bad as a state monopoly.