• HumanPenguin@feddit.uk
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    21 days ago

    Honestly, if we nationalized now. The debtors would expect the gov to pay. And it would be hard to refuse. At least without harming our national credit/trust.

    Let the fuckers go bankrupt. Spend some time letting the military have to provide clean water. Aka 70s stand pipes.

    Then rebuild them as a nationalized company. This way, the debtors cannot claim Thames water was anything but a dumb investment on their part.

    It is very likely the extra 3b they just borrowed was only allowed because the banks consider potential nationalisation a risk reduction strategy. Fuck letting them screw taxpayers by funding failing companies.

    • Reddfugee42@lemmy.world
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      21 days ago

      The great thing about nationalizing something is you can just tell the debt collectors to fuck off.

      • HumanPenguin@feddit.uk
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        21 days ago

        Not if you want those debtors top invest in anything in your nation again.

        The nation is then faced with a banking industry that refuses to trust any large government projects. So we then have to find the money for any investment before building.

        • Reddfugee42@lemmy.world
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          21 days ago

          If rapid emergency nationalism happens that frequently in your nation, that would be a prudent decision. Hopefully it’s not so.

        • piccolo@sh.itjust.works
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          21 days ago

          The same investors that actively allow citizens to be poisoned for profit? Sounds like a their problem. They should begging not to be fined out of existence as well.