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Thursday 10 July 2014

A case for re-nationalisation.

When our rail, energy and water networks were privatised the British people were promised a revolution with new capitalist competition paving the way for cheaper and more effective services. Instead of this the private companies have seen fit to record sky-high profits whilst ignoring complaints about poor service, confusing tariffs and constant above inflation price rises that in the case of the energy industry never seem to come down when energy is cheaper in the summer. I've talked about the inefficient rail network in the past and how private companies are glad to pocket the money while leaving the state to pick up the short stick and the same principle applies to the energy and water sectors. Nationalising these portions of the economy with greatly help those in fuel poverty across the country by giving them a permanent break from the extortionate prices rises of private industry.

Critics will highlight the fact that nationalised industry in the UK was inefficient but it does not have to be that way. In the past our nationalised industries performed admirably and we have efficient state-owned companies in the rest of Europe to look on upon for guidance. Instead of pessimistically looking at the works of times we should focus on the benefits that nationalisation will bring to the country and think of ways to ensure that the mistakes of the past are not repeated.

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