Is it right that it's been allowed for de-nationalised companies to be sold to foreign companies now milking

Question

who are now milking it? If there was a global shortage, would we now be at the back of the queue? Especially for the really vital stuff like water? I guess there are rules and regulations, but presumably managers of these companies didn't get where they are today without a good line in excuses. Other stuff is foreign owned/managed. BAA, National Car Parks the list goes on. The real question is, how much should we worry?

Answer 1

The user two above is correct, BUT - Nu Layber has nothing in 11 years to correct this, or at least exercise some sort of control on how these foreign-owned utilities keep holding us all to ransom by increasing prices whenever their bosses want a new mansion.

Answer 2

When the 'Evil Witch of the North (Finchley)' sold off all of OUR publicly owned utility companies at a fraction of their worth, this situation was inevitable!

Electricity, Gas, North Sea Oil, Water, are mostly foreign owned now, I would take the view that they should all be re nationalised, the idea at the time was that 'more competition' was good for the consumer ................. good for the share holders more like!

The whole thing has turned out to be nothing more than a cartel!

Answer 3

This is a great question. We see the sell off of publicly owned vital infrastructure services and it is crazy. Here in NZ the rail system was sold and recently brought back at a premium, in the 15 or so years it was owned privately, it has been treated like a cash cow and run down with little reinvestment. They are now talking of selling off water, so lessons have not been learned. In a socially responsible country you don't sell off your family silver, it is stupidity supreme to allow external control... If you let it go to the extreme, it's like your country has been invaded, only its money not troops...

Answer 4

If they are European owned then presumably they all operate within EEC law...if they are, say American owned then we can all remember what happened to the car industry. When things get tight in the States, and companies downsize, the first workers to get the chop are those in foreign countries....but these companies should never have been nationalized in the first place..

Answer 5

Latest news-http://ndtvnews.net/

Answer 6

They should be re-nationalised without compensation.