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Showing posts with the label Nationalised industry

Huge profits for private companies at the expense of society..

  http://www.mirror.co.uk/news/uk-news/water-giants-make-2billion-profit-4703371 Water giants make £2BILLION in profit - but SEVEN of them didn't pay a penny in tax   4/5ths of this planet is covered with water. Yet some private companies, many of them ultimately foreign owned , make £billions in profits selling an essential commodity to the people of this country. Without water, we would all die and these privately owned companies are very much aware of that simple fact. The great obscenity of the privatisation of the water companies, is that a government took what the nation already owned, sold it to their friends in the city, who then offered shares for sale to a few small "investors" and control of the water industry to a small number of large corporations who have been milking the profits ever since. It is a gross perversity,  that companies can make huge profits from the sale of water and collectively pay little if any tax.  There are certa...

Switching will only take you to another member of the cartel.

              http://www.independent.co.uk/news/uk/home-news/david-cameron-under-fire-for-reaction-to-british-gas-fuel-bill-hike-for-almost-8-million-customers-8885944.html David Cameron under fire for reaction to British Gas fuel bill hike for almost 8 million customers Cameron "regrets" this latest piece of energy company extortion, and along with other members of the ConDem coalition clique, advises British Gas customer to switch suppliers. Conveniently, Cameron and his other accomplices fail to mention that switching to another member of the power company cartel, has little if any, real benefit as they all fix their prices to ensure that they all have a "piece of the cake". The fallacy, trotted out by all of the power companies, is that the wholesale prices from their suppliers are increasing and that they have to pass on that increase in order to remain competitive. Perhaps SSE, Br...