- Joined
- Jul 17, 2017
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This is something all westen nations will eventually do.
He said this earlier this year but a bunp
http://energypost.eu/corbyn-is-selling-hot-air-with-call-for-nationalisation-of-energy/
You got to be brainwashed or greedy to want all profits of the people land and nation to go to the few and pollute
"It cannot be right, economically effective, or socially just that profits extracted from vital public services are used to line the pockets of shareholders when they could and should be reinvested in those services or used to reduce consumer bills. We know that those services will be better run when they are directly accountable to the public in the hands of the workforce responsible for their front line delivery and of the people who use and rely on them. It is those people not share price speculators who are the real experts.”
“Energy independence for some will mean rising bills and unreliable energy for the rest”
According to Corbyn, in many countries privatisations are being reversed, though he mentions no examples from the energy sector. “There are very good reasons for what’s taking place”, he notes. “The neoliberal ideology that drove the privatisation frenzy forgot a key lesson that’s understood even by conventional neoclassical economics; that where there are natural monopolies, markets fail.”
“The architect of Thatcherite privatisation, Professor Stephen Littlechild thought regulators could mimic market competition but he was wrong. The regulators have proved too weak, [too] close to the companies they’re supposed to be regulating and too prone to corporate capture…”
Corbyn says that “Without genuine competition or public accountability private ownership of key utilities has meant customers at the mercy of rip-off price fixing. The case for public ownership is so clear and so popular and we’ve demonstrated how it’s an investment with no net cost for the taxpayer.”
“… We’ve all seen how the big energy companies jack up prices too knowing full well most people don’t switch suppliers.”
He said this earlier this year but a bunp
http://energypost.eu/corbyn-is-selling-hot-air-with-call-for-nationalisation-of-energy/
You got to be brainwashed or greedy to want all profits of the people land and nation to go to the few and pollute
"It cannot be right, economically effective, or socially just that profits extracted from vital public services are used to line the pockets of shareholders when they could and should be reinvested in those services or used to reduce consumer bills. We know that those services will be better run when they are directly accountable to the public in the hands of the workforce responsible for their front line delivery and of the people who use and rely on them. It is those people not share price speculators who are the real experts.”
“Energy independence for some will mean rising bills and unreliable energy for the rest”
According to Corbyn, in many countries privatisations are being reversed, though he mentions no examples from the energy sector. “There are very good reasons for what’s taking place”, he notes. “The neoliberal ideology that drove the privatisation frenzy forgot a key lesson that’s understood even by conventional neoclassical economics; that where there are natural monopolies, markets fail.”
“The architect of Thatcherite privatisation, Professor Stephen Littlechild thought regulators could mimic market competition but he was wrong. The regulators have proved too weak, [too] close to the companies they’re supposed to be regulating and too prone to corporate capture…”
Corbyn says that “Without genuine competition or public accountability private ownership of key utilities has meant customers at the mercy of rip-off price fixing. The case for public ownership is so clear and so popular and we’ve demonstrated how it’s an investment with no net cost for the taxpayer.”
“… We’ve all seen how the big energy companies jack up prices too knowing full well most people don’t switch suppliers.”