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    Thames Water should be in administration, MP says
    United Kingdom

    Thames Water should be in administration, MP says

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    4 Comments

    1. peter-1 on

      We all know it, they all know it. Unfortunately the people who hold all the money aren’t accountable to us, so it won’t happen. 

    2. Lanfeix on

      I think the government is frightened that if they do that then the economy will collapse. And they keep hoping that the magic growth will happen. 

    3. FrustratedPCBuild on

      I’m not a socialist but natural monopolies should not be privatised. The market cannot function to bring about efficiencies etc. if there is no market. If you live in the area covered by a water company you’re stuck with them no matter how shit they are, same with train companies, you can’t shop around, so they have no incentive to be better but retain the incentive to make money for themselves and their shareholders. You have all the things that people don’t like about nationalised industries, the lack of competition, no incentive to deliver a better service because you don’t need to worry about losing customers to a competitor etc, but on top you have them taking money that should be used to deliver a service and giving it to shareholders. It was always going to fail and it has. The free market can do lots of things well but water is neither free nor a market.

    4. pajamakitten on

      The problem is getting the public onside with renationalisation of water companies. Hopefully, people are now so angry they will agree it has to be done. You still get a lot of people who hate the idea because Thatcher ran British Rail into the ground and that is what some people think when they hear about renationalisation.