Seems like the sort of thing where everyone says “why the fuck was that allowed to happen, what a fucking disaster” in 10 years time.
For now though, greasy palmed politicians will say it’s the right thing to do.
It’s a complete farce, imho. Especially since it’s another case of “buying a company by taking out loans against that same company”.
It’ll just be a waiting game for the promises to expire, then splitting off the profitable bits, lumping the debt onto the obligated post bit, and letting the state pick up the pieces.
Late stage capitalism at its finest.
We’re only now feeling the effects of the water privatisation of a few decades ago along with the selling off of the council houses.
Wait, you guys privatized your mail service?! And are now selling it to a foreigner? What could possibly go wrong?
Well you see it’s because of the profit motive. The service will get better and be done cheaper because they will find “efficiencies” that would not be seen if it was state owned. It’s elementary really. /s
Wait, you guys privatized your mail service?!
Yep, tories like to privatise everything even if it will make things worse or end so badly it needs to be renationalised
Just like our Republicans.
