Running Critical National Infrastructure as a business has proven a recipe for failure

Using a business model of cost-cutting and even increasing profit margins does not work for public services, and should not happen

North West Bylines | Powerful Citizen Journalism
@br00t4c likewise dividends until the industry meets pre-privatisation standards #AssetStripping

How do you fail in that market?

« SolarZero, which was sold to US private equity giant BlackRock, said it had “pioneered a new financing model” to expand its debt funding to $195 million. »

That's how you fail in that market.

#Solar #SolarPV #VultureCapitalism #AssetStripping

https://www.nzherald.co.nz/business/solar-power-company-solarzero-limited-placed-into-liquidation/QN3RWMACORGK5DPJL5E3LUSIPE/

Solar power company SolarZero Limited placed into liquidation

Directors advise more than 160 employees that firm is unable to continue trading.

NZ Herald

In a wildly retrograde step, Royal Mail are retiring their Mail trains (to be replaced by slow, unreliable road haulage). This coming at a time when multiple operators are investing in rail for same-day parcel freight delivery. 🤦🏻‍♂️

#nationaliseroyalmail #rail #mail #latestagecapitalism #assetstripping

https://www.telegraph.co.uk/news/2024/10/10/royal-mail-train-post-office-end-of-era/?fbclid=IwY2xjawF3Q_tleHRuA2FlbQIxMQABHWnldJMC456SMx0RbjFnAAyn8Lom1NYYqplbaFg-zhcJdcamh2vXY9wfaw_aem_zA-zCLG1GXSx4WUxWNR6LA

Why Royal Mail’s decision to stop using trains is another nail in their coffin

They’ve been key to transporting letters and parcels across the country, but the demise of travelling post offices marks the end of an era

The Telegraph

Since 2020, the combined wealth of the top five richest people in the world – Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison and Mark Zuckerberg – have increased by $464bn, or 114%.

Remind me, is this what success - or failure - looks like?

https://www.theguardian.com/inequality/2024/jan/15/worlds-five-richest-men-double-their-money-as-poorest-get-poorer

#mastodon #fediverse #capitalism #wealth #greed #assetstripping #parasite #politics #elonmusk #bernardarnault #jeffbezos #larryellison #markzuckerberg

World’s five richest men double their money as poorest get poorer

Oxfam predicts first trillionaire within a decade, with gap between rich and poor likely to increase

The Guardian
@itnewsbot all the once highly considered Twitter pleasantries are being asset stripped and sound off by the ever callous Elon! #riptwitter #elon #elonmusk #twitter #assetstripping
The current #AssetStripping regime isn't part of that unity though.
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RT @doctorow
Britons are divided on many matters, but one uniting force that cuts across regional, party and class lines is jealous pride for the NHS and fierce resistance to its privatisation and the importation of America's grisly omnishambolic health care "system." 1/
https://twitter.com/doctorow/status/1576260285958176768
Cory Doctorow on Twitter

“Britons are divided on many matters, but one uniting force that cuts across regional, party and class lines is jealous pride for the NHS and fierce resistance to its privatisation and the importation of America's grisly omnishambolic health care "system." 1/”

Twitter
“These clowns on the libertarian right have been smugly insisting for decades that they held all the answers... They’ve been in power two weeks and they’ve destroyed the economy and the Conservative party.” https://www.dumptheguardian.com/politics/2022/oct/02/ten-days-that-shook-the-british-political-world-the-inside-story-of-tory-collapse #AssetStripping
Ten days that shook the British political world: the inside story of Tory collapse

Last Friday, Liz Truss and her chancellor expected acclaim for their mini-budget. This weekend, she goes into her first Tory conference as leader – battling for survival