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Thursday 22 May 2014

Privatisation of "core" esssential services

To me it is puzzling that "core" essential businesses are nationalised: that any profits go to shareholders rather than the general public. Likewise I cannot understand why the Royal Mail had to be sold off. Our postal service should be owned by us, the great British public. We should be re-investing any profits back into the Royal Mail, maybe reducing prices rather than improving dividends for the few.

I understand the arguments about "competition" but for energy services - gas, electricity, oil, coal, etc plus postal services, rail and buses surely should all be in public ownership? Yes, the power of irresponsible unions has to be curbed, but the argument for public ownership is a good one. It is wrong for services we totally depend on being in private hands.

I am totally against privatisation of "core" businesses such as energy.

Also, I have grave doubts over fracking.  Although it has the potential for low cost gas, how much better to  invest in clean renewable energy instead? Billions will be invested in fracking which is essentially trying to extend the life of fossil fuels with all the carbon released threatening climate change.

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