The trouble is Pete, that had they been able to operate effectively, then they would never have cost the taxpayers of the time so much money. In the end, selling them off to the highest bidder was the only way to stem those costs. Shutting the stable door behind the horse perhaps, but summat had to give
think of an organisation that is a monopoly in its area.. some famous Thatcher copies here sell them for the reason that they cant make profit..
how could this be..
even kids wont believe this lie.. and so many other things..
is it the correct way to sell something so valuable to community instead of restructuring and re-organisation.. and then later pump the taxpayers more money to some lucky relative individuals.. for that privatisation subject, whoever says anything I'll be completely deaf..
Really Cem, you had to be there. The nationalised industries were a standing joke, not just for the way they were so inefficiently run and bleeding money down the drain, but for the pathetic levels of service they provided. Nickbat already gave some examples of that, and somebody else has also pointed out how we had to go on a waiting list to have a phone installed (and even then, we may have had to share the line with a neighbour). And there was no option but to deal with these monopolies. Just to stick with the phone example, it was illegal - yes, actually illegal - to connect a device to the telephone network that was not provided by the GPO, and those devices (telephones and answering machines) were rented to the user as it was impossible to buy any privately.
Monopolies should make huge profits, but although it is hard for you to believe, the British nationalised industries didn't (or at least, I can't think of any that did - electricity, gas, coal, steel, railways, ship building, post, telecommunications, buses). They were funded by the taxpayer, which meant there was no incentive to operate efficiently as they had almost limitless access funds whenever they needed it.
The world, and especially Britain, was a very different place in the 1970's from what it is today. I would say that the world today is very different from what it would have been if Margaret Thatcher had not come along.
Jimac, thanks for your effort to explain.. just consider this scenario..
a rich arab with a long digit bank account comes one day.. pays the money and buys all of your already privatised assets for their double value.. none of the owners will object.. as profit is the primary goal.. and the next day quadruples all the prices from telecom to steel, oil to health, harbors to transportation, water to electricity etc etc.. and with all that power the second day he will declare himself to be the master.. 3rd day you will be foreigners in your country.. will you accept that ?
of course my example is a bit exaggerated but the truth actually not far from that unfortunately..
here there are lots of threads and posts that members mentioning that your country not same as before..
please stay and think about that..
ps: my people were also lied in the same style , many things happened.. and after an earth quake in year 1999,
all communications and transportation stopped.. and everyone was asking for the state.. where are they..
sadly it was buried some time ago by the privatisation.. and the results were a disaster..
there was a massive need for loaders to open the roads.. here in my city there were thousands of them sleeping at a park because they were all private.. and none of the owners take responsibnility and tried to help..
people in those collapsed homes clean the rubbles with bare hand so please no one tries to convince me with the same story..