Privatisation - appears not to work?

Discussion in 'Off-Topic Discussion' started by Fat Controller, Oct 5, 2018.

  1. shiney

    shiney President, Grumpy Old Men's Club Staff Member

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    The scale of the problem is much bigger and there are other companies doing the same. There will be more, similar, companies that will lose their contracts. First the government need to make sure that there are good companies able to take over. It's in the pipeline already.
     
  2. Fat Controller

    Fat Controller 'Cuddly' Scottish Admin! Staff Member

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    The whole thing is a bit of a mess really, and on the back of all the nonsense on the railways this year, and of course not forgetting the collapse of Carillion - it really does seem that company directors can just send their companies bust while they walk away with pockets full of money
     
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    • NigelJ

      NigelJ Total Gardener

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      Part of the problem in the UK is the need to turn a quick profit to keep the "city" happy. They very much look to the short term and generally want to see a return in 3 years or less. So getting money/investment to buy new equipment, systems etc that will take 5 to 10 years to show a return is very difficult.
       
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      • shiney

        shiney President, Grumpy Old Men's Club Staff Member

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        There wouldn't be a problem if I was in charge! :old:
         
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        • Fat Controller

          Fat Controller 'Cuddly' Scottish Admin! Staff Member

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          So it is more PLC's that doesn't work then? But surely therein lies my point - all those profits being 'earned' (and I use that term very loosely) off the back of public services; if we were only paying for those services, and none of the profits, surely there would be more money for the services?
           
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          • shiney

            shiney President, Grumpy Old Men's Club Staff Member

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            It would depend on how efficiently the services would be run if they were public instead of private. That has always been the argument and I don't think the answer has ever been found.
             
          • Fat Controller

            Fat Controller 'Cuddly' Scottish Admin! Staff Member

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            I accept that, but to be honest the belief that it would be inefficient is based on the 70's BMC/BL/BR argument. We are almost half a century on from that era, so it seems to me that trotting out a near 50 year old example is not good enough?
             
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