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How does "privatisation work exactly?

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By (user no longer on site) OP   
over a year ago

Private schools being supported by taxpayers money

Rail and other transport being supported by taxpayers money..

Private companies get the profits while taxpayers take the risks?

So how does this work exactly ?

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By *illi3736Woman
over a year ago

Glasgow

You get the electorate to vote for you based on "Cheaper bills/fares better service" then you sell most of the shares cheaply to your mates and their companies. Then you screw the company into the ground pay off most of the workforce and plead for Govt help to keep this " essential service" running. So we get screwed every way , yet mugs vote for this cabal of chancers and crooks. Amazingly it works every time

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By *ealthy_and_HungMan
over a year ago

Princes Risborough, Luasanne, Alderney


"You get the electorate to vote for you based on "Cheaper bills/fares better service" then you sell most of the shares cheaply to your mates and their companies. Then you screw the company into the ground pay off most of the workforce and plead for Govt help to keep this " essential service" running. So we get screwed every way , yet mugs vote for this cabal of chancers and crooks. Amazingly it works every time "

this ... and just add some misleading claims about 'negative impact to shareholding pension funds' and people will be so petrified that they will aquiesce to any nudge theory based nonsence that is suggested by government

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By (user no longer on site)
over a year ago

There's a pithy way to sum up what privatisation so often does:

Nationalise the risk. Privatise the profit.

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By (user no longer on site) OP   
over a year ago

Geez

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By *rHotNottsMan
over a year ago

Dubai & Nottingham


"Private schools being supported by taxpayers money

Rail and other transport being supported by taxpayers money..

Private companies get the profits while taxpayers take the risks?

So how does this work exactly ?

"

Lots of ways. If done properly better services, value, choice but lots of risks. Having worked in the public sector for the while, the biggest problem I saw is the public sector dont have the skills to procure well, so the Tories are able to take advantage , pitch in and take lucrative contracts without delivering on them and take all the money. So it can be seen as a way of the government paying its friends, families and donors from the taxpayers money.

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