Comments by "Mark Welch" (@markwelch3564) on "Who's to blame for England's sewage crisis? | Economics | The New Statesman" video.

 @andybrice2711 while the government does have to step in to fix the infrastructure, I see no reason why the government has to inherit private debt
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@andybrice2711 if it became a free for all, that would indeed be a bad thing However I see no chaos if it's limited to critical infrastructure mismanaged to the point of failure. Why should the taxpayer pay twice for the incompetence of Thames Water's management?
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@andybrice2711 but it's not government debt, that's my whole point You don't get to be a private company when times are good, then nationalise when you screw up. They own that debt, not us I am happy to give them market value for the assets though, as long as that value reflects the condition they're in
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