http://www.theguardian.com/commentisfre ... vatisationPrivatisation isn't working. We were promised a shareholding democracy, competition, falling costs and better services. A generation on, most people's experience has been the opposite. From energy to water, rail to public services, the reality has been private monopolies, perverse subsidies, exorbitant prices, woeful under-investment, profiteering and corporate capture.
Private cartels run rings round the regulators. Consumers and politicians are bamboozled by commercial secrecy and contractual complexity. Workforces have their pay and conditions slashed. Control of essential services has not only passed to corporate giants based overseas, but those companies are themselves often state-owned – they're just owned by another state.
Report after report has shown privatised services to be more expensive and inefficient than their publicly owned counterparts. It's scarcely surprising that a large majority of the public, who have never supported a single privatisation, neither trust the privateers nor want them running their services.
But regardless of the evidence, the caravan goes on. David Cameron's government is now driving privatisation into the heart of education and health, outsourcing the probation service and selling off a chunk of Royal Mail at more than £1bn below its market price, with the government's own City advisers cashing in their chips in short order.
Comment:
Excellent summary.
Privatisation was the other side of the Thatcher coin.
On the one side, her aim was to destabilise society. To make the workers "mobile". With no regard to their rights, to their communities or to the inevitable rise of commuting (and it's problems) and the lack of 'belonging' that such foolish policies would bring. Blair et al pursued the same wreckless policies. More or less.
The other side was privatisation. A sop to those same workers - "Here, make yourselves a few quid" - which was really aimed at the already rich. Via privatisation the richest filled their pockets at the expense of the rest of us. And they have gone on filling their pockets.
So yes. It is time it was stopped.
1. The rich have got enough.
2. The rest of us need a break! Electric, water, gas, the post office, rail and other essential services must be returned to the public.