Yep, the asset management cunts that own the monopoly extract the wealth and then shift it to other parts of their portfolios that extended stupid credit under the Macquarie years. See, they take no dividends.
the moral hazard of privatised natural monopolies owned by asset management corporations owned by the banks that extended the credit
More socialising losses and privatising profits.
The inevitable end point when the 'business model' based upon frequent asset re-sales dependent of ever increasing dividends hit the buffers.
Definitely an end point. "This is the fiscal crisis of the state, underway for decades, now reaching a historical peak, and nobody knows what follows from and comes after it." - Wolfgang Streeck
It can only pay dividends from further debt; the bonkers neoliberal basis of the ‘business model’ of privatised natural monopolies as (regressive) wealth redistribution vehicles.
Largely because they're doing exactly what they're remunerated to do.
The question should be, how can it pay such a dividend when it has such a debt?
Is this a trick question
Not really a trick question, I think at the time I was a bit bemused by all the railway companies being 'nationalised' by one of the most right wing governments we've had in a long time.
Some ideas in the article, don't know enough about it to say if they are viable.
By getting even more into debt.
shhhhhhhhhhh don't tell
Wonderful.Karma:
Eton College forced to close after Thames Water sewers which serve area around prestigious school flood
The delayed start of term comes as nearly 100 flood warnings remain in place in England following the wrath of Storm Henk last week.news.sky.com
It makes complete sense; in the neoliberal economy of privatised natural monopolies, the regulator only exists to give the pretence of regulation whereas their role is really one of maintaining minimal risk to the asset management companies that rotate ownership of the dividend mines.Moral collapse of any pretense at regulation:
Revealed: watchdogs and water bosses had dinner at private London club to discuss future
Exclusive: Meal attended by Environment Agency and Ofwat chairs attacked as outrageous example of ‘regulatory capture’www.theguardian.com
And they're doing this safe in the knowledge that Starmer will do nothing to change the updated legislation that might upset the asset management/private finance corporations.
