Yvette OswinThe UK has fully privatised Energy
France has fully Nationalised
(Blade of the sun)
doppelfish ☑️@Hope4All except that France's EDF is producing a lot of electricity from written-off nuclear reactors, is still selling below price and is running a debt of 54.4 billion euros as of 2023, which is subsidized by the French gouvernment.
https://www.reuters.com/business/energy/french-nuclear-operator-edf-returns-profit-2023-2024-02-16/
@Hope4All and €87.6 bn in 2024, btw.
mapto@doppelfish @Hope4All ...and offloading the cost of nuclear waste storage on future generations
Hervé Nicol@doppelfish @Hope4All
Subsidized by the government :
Isn't what "nationalized" means ?
It's financed by the people, for the people.
And the goal is not to make money out of it, as opposed to when private companies run it.
That seems a good thing to me.
Subsidized by the government :
Isn't what "nationalized" means ?
It's financed by the people, for the people.
And the goal is not to make money out of it, as opposed to when private companies run it.
That seems a good thing to me.
tyx@herve @doppelfish @Hope4All
>That seems a good thing to me.
Unless you realize that no one in the management gives a damn about the efficiency of the whole enterprise, equipment upgrades, bullshit jobs etc. bc in case of a major screw up everything will be covered by the state and you don't have any competitors.
ENRON at least was sold in parts.
>That seems a good thing to me.
Unless you realize that no one in the management gives a damn about the efficiency of the whole enterprise, equipment upgrades, bullshit jobs etc. bc in case of a major screw up everything will be covered by the state and you don't have any competitors.
ENRON at least was sold in parts.
ScriptFanix💍
@doppelfish That's the thing: when it's state-owned, you can do stuff like that to get through tough times, and make up for it later. @Hope4All
@ScriptFanix @Hope4All on the one hand, it's true that important, long-term infrastructure like energy, water, roads and rails are better in the hands of a non-profit entity.
On the other hand, the electricity price in France is misleading, as the French pay for the subsidies through their taxes. So, "nartionalized" does not mean "cheap" here.