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Anti-capitalism :: Fat cats
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Why is no one stating the bleeding obvious over responsibility for the unprecedented floods?
Before the water industry was privatised, water boards were responsible for seeing that rivers were regularly maintained.
But when water was privatised, these elected officials were replaced with a lot of venture capitalists (or 'Spivs') from the City, who, expecting to make a profit, found that you can't actually run a public utility at a profit unless you dump some expensive, but vital, functions - like maintenance.
Water must be renationalised immediately, without compensation for the fat cats who have had enough out of us already. If anyone owes anybody compensation, it's the fat cats who owe us!
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Article dated 6 January 2016
The Socialist, weekly newspaper of the Socialist Party
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