Comments by "irresistablejewel" (@irresistablejewel) on "" video.

  1. There was a share lottery; in the case of Royal Mail some banks and funds got first dibs (early allocation); the shares in our infrastructure were offered at a low price; the price went up and many were sold to banks and funds (easy money). Rail franchises (last one runs out around 2036) are often foreign owned and subsidized; since the network is broken up into smaller companies it loses efficiency; the ticketing system is complicated and offers the highest prices in Europe. Previous privatisations were the right wing selling our own infrastructure back to us, then on to banks; it means the "left" can't run a labour policy (small l) as the revenue from state sector goes elsewhere and if any of the owners of UK infrastructure go bust, the taxpayer has to pick up the bill. Royal Mail has become a bit of a junk mail delivery mechanism now; profit privatised; losses nationalised; rather like the asset stripping of UKplc by real companies. There is the question of what banks and hedge funds know about running railways and other services (considering the state of the economy); maybe they are in the wrong profession? Privatization of the state sector did not deliver on the promises the government(s) made; the profits are just another tax; the money from the sell offs, plus towering national debt, strongly suggests we (the taxpayer) got ripped off. Rail can be nationalised by not offering further franchises (but the moneys so good?!).
    1