Mike From UKMay 21, 2023
Glyn Moody

‘The whole thing stinks’: UK water firms to pay £15bn to shareholders as customers foot sewage bill - https://theguardian.com/money/2023/may/20/the-whole-thing-stinks-uk-water-firms-to-pay-15bn-to-shareholders-as-customers-foot-sewage-bill it's simple: no dividends until the infrastructure is upgraded, and no price rises. if investors don't like it, they can move elsewhere.

investors do not have an inviolable right to dividends; the public does have a right to rivers and seas without sewage - if companies can't do this, nationalise them

‘The whole thing stinks’: water firms to pay £15bn to shareholders as customers foot sewage bill

With cost of cleanup to be passed on to bill payers, analysis shows they will also pay £624 more by 2030 to fund investor payouts

The Guardian
May 21, 2023 at 7:08amWeb
Show threadAdvanced Persistent TeapotMay 21, 2023

@glynmoody the water rights were sold on the principle that companies could manage the infrastructure -better- than government.

Pretty clear by now that they can't, I think we're past the first side of your statement. Nationalise the fuckers yesterday.

Show threadAdvanced Persistent TeapotMay 21, 2023
@glynmoody and the worst part is that it's not even just poor management - it's that the very nature of corporate ownership incentivises the detrimental behaviour. Wanting good water management is fundamentally anti-capitalist.
Show threadWriting SlowlyMay 21, 2023
@glynmoody It's hard to think of a single reason not to make you the PM with immediate effect. It *is* that simple.
Show threadAndreo PeperdajnoMay 21, 2023

@glynmoody

"'La tuto odoraĉas': Britaj akvokompanioj pagas £15 miliardoj al akciuloj, dum klientoj pagas la fakturon por kloakaĵo - https://theguardian.com/money/2023/may/20/the-whole-thing-stinks-uk-water-firms-to-pay-15bn-to-shareholders-as-customers-foot-sewage-bill - [rimedo] simplas: neniu dividendo ĝis la infrastrukturo estas plibonigita, kaj neniu prezplialtiĝo. Se investantoj ne ŝatas tion, ili povas movi sin aliloken.

Investantoj ne havas netuŝeblan rajton al dividendoj; la publiko ja havas rajton al riveroj kaj maroj sen kloakaĵo - se la kompanioj ne povas fari ĉi tion, do ŝtatigu ilin."

‘The whole thing stinks’: water firms to pay £15bn to shareholders as customers foot sewage bill

With cost of cleanup to be passed on to bill payers, analysis shows they will also pay £624 more by 2030 to fund investor payouts

The Guardian
Show threadwebhatMay 21, 2023
@glynmoody The shareholders' dividends were ringfenced against pirate zombie infestation.
Show threadGlyn MoodyMay 21, 2023
@webhat where there's a will there's a way...