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1. Embed this notice
   Geri ❤️ (geri@mastodon.online)'s status on Monday, 16-Dec-2024 18:23:13 JST Geri ❤️

   Royal Nail will be purchased by a foreign business

   All profit will be posted out if the country

   #SellingTheFamilySilver

   • Embed this notice
     Marcus Jenkins (marcusjenkins@mastodon.social)'s status on Monday, 16-Dec-2024 18:23:12 JST Marcus Jenkins

     in reply to

     @Geri In the case of the UK water utility companies, I expect that an accurate, honest, fair valuation for re-nationalisation would be, approximately, fuck-all. After the (mis-) management has stripped all the money out to shareholders' dividends and C-level salaries and bonuses, the actual infrastructure has negative value down to the outstanding maintenance and renewal requirements.

   • Embed this notice
     Aral Balkan (aral@mastodon.ar.al)'s status on Monday, 16-Dec-2024 18:23:12 JST Aral Balkan

     in reply to

     • Marcus Jenkins

     @marcusjenkins @Geri But accepting that would be tantamount to accepting the failure of neoliberalism which I’m somewhat hesitant to imagine the neoliberals in government would be eager to do.

   • Embed this notice
     Marcus Jenkins (marcusjenkins@mastodon.social)'s status on Monday, 16-Dec-2024 18:23:13 JST Marcus Jenkins

     in reply to

     @Geri The optics are not good for a "left-wing" government, although the sell-off of this particular item of the national silver has been in the pipeline for a long, long, long time. The #enshittification for profit was already underway when I was still living in UK 20 years ago.

   • Embed this notice
     Marcus Jenkins (marcusjenkins@mastodon.social)'s status on Monday, 16-Dec-2024 18:23:13 JST Marcus Jenkins

     in reply to

     @Geri Side note about re-nationalisation that I only just learned about. Just after WWII a whole load of things were nationalised and it didn't cost the public a penny at the time. The shareholders were issued some very long-term bonds (government IOUs) by way of compensation and job done. So the appalling UK water companies could be re-nationalised quickly just after a thorough, realistic valuation to work out the value of bonds to issue.

     Aral Balkan repeated this.
   • Embed this notice
     Chris Snazell (chrissn@mastodon.social)'s status on Monday, 16-Dec-2024 18:34:58 JST Chris Snazell

     in reply to

     • Aral Balkan
     • Marcus Jenkins

     @aral @marcusjenkins @Geri the Northern Irish & Scottish water companies are already owned by their respective governments, it's just England & Wales that would need to be renationalised.