Comments by "xcitemex 6" (@xcitemex6353) on "Energy security in an insecure world | Business Beyond" video.
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Mismanagement of crucial infrastructure.
Once upon a time telecommunications, road building, gas supplies were under the control of the governments.
Yes, we all looked and said they are leaning on shovels , and taking too long, and wasting time.
So governments sold these areas of business off to capital investment firms to collect monies.
They spent that money on growing the size of government and paying themselves salary increases.
The loss was apprenticeships , employment and the ability to co ordinate, and know a one direction.
Capital investment firms don't invest in the infrastructure , they bleed it dry to make more money
They get contractors, who then get more contractors. The contractor who tendered and now realises that they will lose money stops work, or docent pay, meaning those below him go broke.
Therefore cost over runs, time line extensions, and who pays.....The government via the peoples taxes.
Big mistake getting rid of government employees based in critical services
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