Comments by "Gilded Chalice" (@GetGwapThisYear) on "Ryan Chapman"
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Good video, useful for a jumping off point for further reading anyway.
Although, I’d like to suggest your summary of public ownership of utilities is skewed, and seems guided by some bias. Natural monopolies (water, gas etc.) belong in public ownership. Here in the UK (used in your example) we’ve seen profit extracted since privatisation and ZERO investment. Meaning the system is now completely obsolete, and even dangerous. Our waterways are polluted and there is real support, across the political spectrum, for nationalisation.
Although government ownership might be a semi-accurate description, it’s an oversimplification. Costs are generally regulated as the purpose is not profit generation, but maintenance and reliability for the public, who fund the service via taxes and fares/subscriptions.
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