• @li10@feddit.uk
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    311 month ago

    Seems like the sort of thing where everyone says “why the fuck was that allowed to happen, what a fucking disaster” in 10 years time.

    For now though, greasy palmed politicians will say it’s the right thing to do.

    • MonsterMonster
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      101 month ago

      We’re only now feeling the effects of the water privatisation of a few decades ago along with the selling off of the council houses.

    • GreatAlbatrossOPM
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      71 month ago

      It’s a complete farce, imho. Especially since it’s another case of “buying a company by taking out loans against that same company”.

      It’ll just be a waiting game for the promises to expire, then splitting off the profitable bits, lumping the debt onto the obligated post bit, and letting the state pick up the pieces.

      • @CaptObvious
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        31 month ago

        Late stage capitalism at its finest.