Thames Water collapsing - Conservativism in action

[Tommy Tainant]

https://www.itv.com/news/2023-06-28/thames-water-customers-reassured-they-wont-lose-supply-if-company-collapses

This was one of thatchers shit policies. Water used to be publicly owned. Now its owned by foreign govwernments for the benefit of speculators.

its a failure of capitalism but more importantly a failure of conservatism. Thames is the first of our water companies to hit the buffers. Others will follow.

Debt is the problem. Water companies took on 53bn of debt in order to service 70bn of dividends for their owners. When interest rates were low they could coast along but now interest rates have risen they are floundering.

How can a business with 16m captive customers fail ? The answer is simple. Greed.

This is another outcome of broken britain. Broken by conservative "free market" dogma.

 

[jbrownson0831]

https://www.itv.com/news/2023-06-28/thames-water-customers-reassured-they-wont-lose-supply-if-company-collapses

This was one of thatchers shit policies. Water used to be publicly owned. Now its owned by foreign govwernments for the benefit of speculators.

its a failure of capitalism bt more importantly a failure of conservatism. Thames is the first of our water companies to hit the buffers. Others will follow.

Debt is the problem. Water companies took on 53bn of debt in order to service 70bn of dividends for their owners. When interest rates were low they could cost along but now interest rates have risen they are floundering.

How can a business with 16m captive customers fail ? The answer is simple. Greed.

This is another outcome of broken britain. Broken by conservative "free market" dogma.

Hey Commie.....anyone ever tell you that you are nuts?

 

[C_Clayton_Jones]

https://www.itv.com/news/2023-06-28/thames-water-customers-reassured-they-wont-lose-supply-if-company-collapses

This was one of thatchers shit policies. Water used to be publicly owned. Now its owned by foreign govwernments for the benefit of speculators.

its a failure of capitalism bt more importantly a failure of conservatism. Thames is the first of our water companies to hit the buffers. Others will follow.

Debt is the problem. Water companies took on 53bn of debt in order to service 70bn of dividends for their owners. When interest rates were low they could cost along but now interest rates have risen they are floundering.

How can a business with 16m captive customers fail ? The answer is simple. Greed.

This is another outcome of broken britain. Broken by conservative "free market" dogma.

There are things government does better than the private sector, public utilities being an example.

 

[EMH]

Flynt Michigan was communism/socialism in action...

 

[Tommy Tainant]

Hey Commie.....anyone ever tell you that you are nuts?

Thanks for your low information analysis. It added nothing. Because you have nothing to say.

 

[Tommy Tainant]

There are things government does better than the private sector, public utilities being an example.

There is no market when you have a monopoly. The only eisk is your own greed and stupidity.
Cons have lots of both.

 

[MarathonMike]

Well at least I got Tommy to stop bashing America for a little while! All I had to do was put the spotlight on Wales and he ran for the hills.

 

[marvin martian]

https://www.itv.com/news/2023-06-28/thames-water-customers-reassured-they-wont-lose-supply-if-company-collapses

This was one of thatchers shit policies. Water used to be publicly owned. Now its owned by foreign govwernments for the benefit of speculators.

its a failure of capitalism but more importantly a failure of conservatism. Thames is the first of our water companies to hit the buffers. Others will follow.

Debt is the problem. Water companies took on 53bn of debt in order to service 70bn of dividends for their owners. When interest rates were low they could coast along but now interest rates have risen they are floundering.

How can a business with 16m captive customers fail ? The answer is simple. Greed.

This is another outcome of broken britain. Broken by conservative "free market" dogma.

Remember, in the UK "conservative" is equal to our DemoKKKrat party, so this is to be expected.

 

[Tommy Tainant]

The wretched state of Thames Water is one of the best arguments for public ownership we have | Adrienne Buller

Water privatisation in England and Wales has achieved just one thing: the enrichment of executives and overseas shareholders, says Mathew Lawrence of the thinktank Common Wealth

www.theguardian.com

This is a pretty good summary.

 

[Markle]

https://www.itv.com/news/2023-06-28/thames-water-customers-reassured-they-wont-lose-supply-if-company-collapses

This was one of thatchers shit policies. Water used to be publicly owned. Now its owned by foreign govwernments for the benefit of speculators.

its a failure of capitalism but more importantly a failure of conservatism. Thames is the first of our water companies to hit the buffers. Others will follow.

Debt is the problem. Water companies took on 53bn of debt in order to service 70bn of dividends for their owners. When interest rates were low they could coast along but now interest rates have risen they are floundering.

How can a business with 16m captive customers fail ? The answer is simple. Greed.

This is another outcome of broken britain. Broken by conservative "free market" dogma.

Is the Thames still where all your sewage is dumped?

 

[Tommy Tainant]

Is the Thames still where all your sewage is dumped?

It is under Thames Water. All the privatised water scams dump shit in the rivers. Conservatives dont care.

 

[luiza]

The good thing about Turd is that he does not mind others seeing how shallow he is .

 

[Markle]

It is under Thames Water. All the privatised water scams dump shit in the rivers. Conservatives dont care.

So you don't flush your toilet?

 

[Tommy Tainant]

So you don't flush your toilet?

Why would you say that ? It seems very stupid.