Tuesday, August 02, 2011
What are we doing?
This is madness. Not only is water supply a strategic industry, it is also a natural monopoly. Furthermore, the owners are in a privileged position as "statutory undertakers", with special duties and responsibilities.
As such, the company should be British-owed. Personally, I think water should be publicly owed. In an industry where there is no local competition, there are few benefits to private ownership, and many disadvantages.
This notwithstanding, to sell of tranches of our domestic infrastructure to a foreign enterprise is madness, utter madness. Next, we sell off our town halls and local authorities to the highest bidder? Now there's a thought.