It is of course fair comment to criticise private industries, however it is a leap of faith to assume nationalised industries would have done differently or better. Many of us remember what disasters nationalised industries were.
The NHS is being “ripped off” by drug manufacturers and pharmaceutical firms who are charging as much as £1,000 a bottle for pain-relieving mouthwash while the government demands efficiency savings on staff and hospitals, ministers have been warned ...NHS gets amongst the cheapest medicine prices in the world
I think that your idea of a free market and my idea of a free market are not the same thing. A free market is a market free from government interference. Your examples are all of government regulated monopoly/cartel systems, which I would say prove my point, not yours. Bankruptcy is a good, healthy and natural part of capitalism - the fact that governments try to stop it happening just means that capitalism ceases to work properly. You have to have both gains and losses, otherwise creative destruction doesn't happen, and failing, inefficient systems keep on going.In theory free markets are more efficient….but they aren’t because capitalism is driven by greed.
oh and have a think about moral hazard
1) UK train operators: massively inefficient, massively expensive….almost none of them run by British companies.
2) how’s carillion doing…..oh it went bust
3) local councils are bringing contracted out services back in house - because customer care goes up and costs go down.
The EU dilemma is, however, a special European one. The EU has politicized energy and has been approving legislations, preaching to the world the importance of accelerating energy transition and even taking court measures to force the global oil industry to divest of its fossil fuels. In so doing, it has neglected to fill its own gas storage in anticipation of winter and forced European supermajors to reduce investments and cut production in their core business. Any wonder then why the EU is in such a mess.
The environmental policies of the EU can only adversely affect the production of fossil fuels without affecting the global demand for them thus creating deficits in the market and skyrocketing prices. These policies will weaken the global economy because it will have to spend a huge chunk of funds earmarked for investments on paying for soaring prices these fuels.
Complete nonsense - some of the biggest state monopolies are incredibly cost effective and efficient, NHS being prime example.
Apart from that it’s pretty good thoughomg! I get these daily emails cluttering up my inbox every day. Most of the posts are about c*** that is completely off topic. Full of old buffers rattling on about stuff seen only through their old pedantic eyes. Off topic facts drawn from wikipedia, social media and newspapers. Competing against each other to have the last say and prove their own virtue. Its the same old philosophy, absolute creator of your 'inflation' and all things aspirational from the white western world. Constant retorts on the same central themes from extreme over poster Jacob. Folks building workshops in private residential gardens with no thought for the neighbours that have to live with the noise, others bemoaning ever rising prices whilst inanely consuming much more than they need. Claiming their rights to travel, producing c*** in their sheds that the world doesn't need, addicted to the demonic internet. Why don't you all go and do something useful for the world? Then there wont any be inflation !!!!!!
I read recently somewhere if u wanna see a UK thief, sorry I mean GP doctor
u need a £100 squids...bet thats only cash and no receipt....
Depends on how you judge it?I think that your idea of a free market and my idea of a free market are not the same thing. A free market is a market free from government interference. Your examples are all of government regulated monopoly/cartel systems, which I would say prove my point, not yours. Bankruptcy is a good, healthy and natural part of capitalism - the fact that governments try to stop it happening just means that capitalism ceases to work properly. You have to have both gains and losses, otherwise creative destruction doesn't happen, and failing, inefficient systems keep on going.
This energy "crisis" is being blamed squarely on the alleged free market when it is entirely the fault of European energy planning, and I include the UK in Europe for this. The European Energy Crisis Is About To Go Global | OilPrice.com
Well, I wouldnt dream of getting in between a man and his Guardian article. The NHS is the best healthcare provider...in the world. All the comparative charts put it pretty low in the pecking order, but it is the NHS so it must be good. Greece scores higher in some of these comparisons, and it is not unusual here to have to bribe your doctor to actually get treatment. Still, the NHS must be fabulous, just because. However, do consider a brown envelope of cash next time you use the NHS - it works wonders in most third world countries.
Hasn't been in UK since 1947!!!You should be more careful what you read.
I think Russia will do what Russia wants to do, they do not respond well to threats or provacation and diplomacy is really the way forward not bumbling Borris's idea of restarting the cold war because that is just going to hurt our economy big time and now he is having a go at the Chinese and their response isYes, if our energy companies were state owned, Russia wouldn't have put the price of gas up, would it?
Agree, if a company is viable it will survive without needing to be proped up by government or anyone else and if it sinks then let it, that is survival of the viable and gets rid of the lame. Problem with the UK governnent is they help companies that fund them, buddies, golf freinds and others who are willing to keep their bums clean, lame or otherwise so yes they should step right back and let it be a free market.I think that your idea of a free market and my idea of a free market are not the same thing. A free market is a market free from government interference. Your examples are all of government regulated monopoly/cartel systems, which I would say prove my point, not yours. Bankruptcy is a good, healthy and natural part of capitalism -
Free markets are not an efficient way to deal with this.
Free markets create businesses whose purpose is to maximise profits for the shareholders not the customers.
Yes they had problems but it was bad management, to much of the blue or white collars, the them and us syndrome and not working as a single unit and creating lots of internal friction, probably a throwback to the so called class system. With railways it is always going to be a problem, one company owns the tracks and then others run their trains on them wheras it would be better if everything was under the control of one company then when things go wrong they cannot blame anyone else. With power you have the national grid producing, the DNO's distributing and then many companies selling what is in effect someone elses product through someone elses network, so no control over anything. In conclusion we are in a right mess in all departments with people pulling in all directions and no one at the helm, just drifting from one mess to another.Many of us remember what disasters nationalised industries were
Well, as one who worked for a nationalised utility from 1975 to when it was privatised, I have to tell you that, in my humble opinion, they were successful. I have always believed that energy and water are essential commodities and should never have been placed in private hands. What do we have now? Essential industries that are foreign-owned cash cows, up to their eyes in debt and which can no longer be relied upon to supply affordable products to the British public. Yes, the water, gas and electricity industries should be re-nationalised.Yes, we all remember how hugely successful nationalised industies were.
No, it really does not.Your examples are all of government regulated monopoly/cartel systems, which I would say prove my point, not yours
No. Bankruptcy is a good, healthy and natural part of capitalism
ou have to have both gains and losses, otherwise creative destruction doesn't happen, and failing, inefficient systems keep on going
That’s complete tosh.All the comparative charts put it pretty low in the pecking order
.................................................................................................................. you have to have both gains and losses, otherwise creative destruction doesn't happen, and failing, inefficient systems keep on going ...
Enter your email address to join: