Thames Water: The Inevitable Failure Of Privatisation

WATER MESS - Get it?

A Super quick look at the Thames Water Crisis, what caused it, and why it is an inevitable part of Privatisation.

We cover debt, greed, exploitation, THATCHER, and why Necessities should never be left to the Free Market.

#thameswater #privatisation #privatization # nationalisation #socialism #capitalism #water #scandal #water

Music created with permission using following samples:

SOURCES:

[Praefecture]

The youtube algorithm can find gold every now and then. Really well done video, mate. Like in the UK, the neoliberal/"market socialism" brain disease has shown to be one of Australian politics' greatest flaws ever since our key national assets (utilities, banks, transport, etc.) were privatised during the Hawke/Keating era.

[Rachel_M_]

Paying old investors with new investors money?? I'm sure there's a name for that 🤔

[aaronbaker]

A better way to deal with a corporation going bankrupt is recapitalization of debt.
In other words, you tell the stockholders "your stocks are now toilet paper." Then you tell the bond holders "your bonds are now stocks.
This punishes the stockholders for investing in a company going bankrupt, gives the bond holders control to get their money back, and thus incentivises the bond holders to fire the bad management (and gives every other company good reason not to hire them).

[EhHandleNow]

Good work. You should ask a question to your audience to engage discussions and the algorithms for your video.

[Seagaltalk]

Interestingly whether a monopolistic company or a government institution the customer gets fucked and often government regulation creates the monopolies. Anyway nice try

[jerredhamann]

Now monopolies or oligopolies are not necessarily bad the good jobs back in the day in the states were in such firms ge gem alcoa us steel standard oil... and the us auto industry weas an oligopoly sector even in the good old days one of the big differances was there was mass unionization and financial and tax laws that incentivized reinvestment and production as opposed to finance and share holder capitalism but i do believe certian sectors where the consumer doesnt have power or creates perverse incentives like utilities and healthcare should be nationalized