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Margaret Thatcher Should Never Have Sold Off Our Nationalised Industries To The Private Sector.
I accept that lots of British industry was inefficient and 'run' by the unions but once those issues were sorted out they should have been run within the state sector with the many many billions of £s of profit going to the exchequer.
 pallan281  05 May 2008 20:02
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I luckily did not live under Thatcher, but know that she could not have sold off the peoples industries in the peoples interest. Ideologically she sold from ownership of all to the elite, not back to the people.
Now transport, energy, water, telecoms industries are profiteering from the people.
 
 truespud  30 Sep 2008 23:28
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Privatization is never done in the interests of the public. It is a financial giveaway done to hand off businesses, profitable or not, to corporatist who want to use them to make money, and if that means cutting back on services while charging higher prices, they do.

There are some services that must be owned or regulated by government for the common good, even if they are not as profitable as they could be or are run at a financial loss. Privatization and deregulation are only good when competition and cost of services is low enough that the public would pay lower prices than as a government owned business.

The mess of Enron would not have been possible if the electric industry had not been deregulated. And in California there are a few "for profit" fire departments (read: Profiteering fire departments) that will only respond to paying clients - if your home were 2 blocks away, they wouldn't come to help you because you're not a "paying client".

There are some services that must be socialized for the benefit of all. Anyone who disagrees should live in a country like this:

- Police only help those who pay fees (i.e. The poor get no justice)
- Schools have fees the parents must pay (the poor get no education)
- No regulation of food production (raw foods could contain pesticides and processed foods contain poisonous chemicals)
- No regulation of medicine (untested and unproven drugs are sold for exorbitant prices)
- Private for profit militias can be built (i.e. Blackwater) get government contracts, and have no legal accountability to people they kill or injure
- Medical care is solely dependent on your own income, no health insurance, and doctors can charge what they want
- No worker safety rules; you can be forced to work in unsafe conditions, fired without just cause, docked wages for unjust reasons, etc.

That is what some people want, or will get if they actually got their wish.

Those who want the "law of the jungle" to rule are either the haves who want to take more without accountability or the ignorant who don't know any better. Such people should live together, but for the rest of us who want to live in a civilized society, that's not acceptable.
 
 K9  19 Sep 2008 15:19
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Bus's and etc. Were better off without being sold off to the companies. From the tales I've heard they used to be cheap AND efficiently, not unlike today
 
 Anti_hero  05 May 2008 20:24
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The problem with Government run industry Like the N.H.S. Is that the are not accountable so they are not run like a business at all. The next Government comes along and tries to clear up the mess but the opposition just keep putting a spanner in the works.
 
 keepmindok  07 Sep 2008 18:51
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The question is could they have been solved while the companies remained within the state sector? Probably not. The truth is that the money flow was the other way around. There were no profits in most cases. The state companies were always making losses and having to be bailed out by the government. When dramatic action was needed to turn a company around, for example by closing a plant or sacking a certain number of workers, it would never be taken. The government would prevent it so it didn't have to deal with the political repercussions.

Why should the government be involved in making steel or flying aircraft any more than it should be involved in operating fast food joints or making video games?
 
 Hidell  05 May 2008 20:29
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 I believe that utilities where there is an essential public service element should remain in the state sector. Gas, water and electricity should not be run for the benefit of shareholders. The taxpayer still bails out the railways even now. There are some industries that just cannot be subject to shareholders, profits and competitiveness, they are far too important for that.
by  pallan281
 05 May 2008 21:23
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