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    Billionaire Trump donor in line to make millions from Thames Water bid
    United Kingdom

    Billionaire Trump donor in line to make millions from Thames Water bid

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    18 Comments

    2. Sorry-Programmer9826 on

      Why can’t we just let Thames water go bankrupt and then take it into public ownership for whatever the fair value of a bankrupt company is (presumably not very much)

    3. Agreeable_Falcon1044 on

      And this is why ALL water companies needs to be nationalised immediately. It’s an essential service and should be 100% controlled by the government, not in the hands of billionaires with links to unsavoury characters

    5. Mrgray123 on

      Privatization made sense for some companies and industries in the 1980s, particularly in the light of technological advances. British Telecom being a good example where any attempt to keep a state monopoly would have been incredibly difficult with the rise of cell phones and the internet.

      However for energy production, water, and railways it made absolutely no sense whatsoever. People do not, and never will, have a real choice in using these and that then can lead to all manners of abuse by the owners in their never ending attempt to generate profits for themselves.

    7. Valledis on

      Our access to clean water must be rid of Corporate greed and profiteering!

      Enough is enough!

    8. Drumbrit on

      This is fucking insane, we should be nationalising this. No shareholders should be getting profit from something we need to live.

    9. wkavinsky on

      Yeah, selling it to a hedge fund, a group know for *extracting value* makes perfect sense /s.

      It’s an essential-to-life service, the aim should be to pay for the service and maintenance, not **make a fucking profit**.

      Nationalise it.

    11. BunnySlippers404 on

      If Starmer wants to turn his polling numbers around he could do worse than nationalisation our water supply.

    12. Intergalatic_Baker on

      That’s a go bankrupt, sure there’ll be some problems with pensions but quite frankly any pension fund you fucking paid into that company despite it’s huge huge debt it’s just a stupid pension firm who shouldn’t have been doing business in the first place.

      There’s a lot more F bombs than this, but I felt even Reddit might take offence to me saying it often.

    13. WillowTreeBark on

      The money TW spends on some of their sub contractors is absolutely astonishing.

    15. ash_ninetyone on

      Thames Water should be allowed to fail and be nationalised on the cheap.

      You have a business that is the only provider of a natural resource, in a monopoly, and somehow you cause it to need government bailouts and support?

    16. UJ_Reddit on

      Regulation > privatisation

      Just add more regulation, like 10% of revenue is reinvested into infrastructure, limit price increases to be in line with inflation and cap profits at 2-5%.

    17. erbr on

      I mean what would be the issue of selling a company that produces something that humans require to live? We just need to look into the other good examples as housing, transport and healthcare.

    18. MerakiBridge on

      It’s actual a well known management trick, make the company heavily indebted to avoid a hostile takeover (including by the government). At the same time divis are paid through a complex system of shell companies.