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@mike@sauropods.win

2026-09-16 07:19 UTC

"In 1989, Prime Minister Margaret Thatcher sold off our then publicly owned water and sewerage industry for £5.2 billion. … Private companies have paid out, in 2024 prices, around £83 billion—an average of £2.4 billion a year—as dividends, while loading the companies in debt. Often, those loans were taken out simply to increase the amount of cash extracted as dividends." https://hansard.parliament.uk/commons/2026-09-14/debates/0E4845C2-E1B3-4BBB-8A08-6C7E05BD78DD/WaterSectorPublicOwnership

Replies (1)

  • @hanscees@ieji.de 2026-09-17 06:24

    @mike@sauropods.win a nice example of #neoliberalism leads to unequality via rentseeking the whole picture is #neoliberalism -> #unequality -> #fascism

    Open ##4748962