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Agreed, however I think it also reinforces the idea that the private sector gets a chance to run amoc in their management of critical national infrastructure, and if they fuck up the taxpayer will always be the lender of last resort.
I’d say if they love the free market so much, let it eat their company. The taxpayer can then buy the assets back or nationalise the liquidating assets, and wipe the slate of the processes and people who ruined the company in the first place.
Edit- I know it’s not as simple, and the system is built to protect the capitalists, but that doesn’t mean it’s how it should be, could be, or would function best.
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any situation where renationalisation happens and can be shown to disprove the "privatisation is good bullshit" to be false, helps get more stuff renationalised in the future,
We already have UK examples of nationally run water companies in the devolved areas, the don't achieve better outcomes or lower bill costs, they should but they don't
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Leshaches
greentricky
@snottyotter
That would be better, but any situation where renationalisation happens and can be shown to disprove the "privatisation is good bullshit" to be false, helps get more stuff renationalised in the future, and it'll hopefully stop people swimming in shit.