Looking Again At Labours Privatisation Plans

If you think that the twists and turns of British politics has turned its last twist then you could be in for a surprise as Theresa May still has to get her ‘Queen’s Speech’ programme for government through the Commons and if she fails to do that then the leader of the next-largest party would get a chance to become Prime Minister, in this case Jeremy Corbyn and his Labour Party.
As we may yet have a Labour Party ruling over us it is worth looking at their manifesto just in case and the stand out pledge for me is to nationalise large swathes of what the Conservatives sold off.
For me, privatisation has been one of the great pups sold to the public because to be frank, it just doesn't work.
Nobody can argue that since they went private the rail, utility, mail or water industries have been more efficient, generated investment, lowered costs or saved jobs.
What actually happened is large scale redundancies, prices sky-rocketed and the previous British companies are largely in the hands of a small group of international investors who pay themselves billions in dividend payouts and as we found out recently, tax free.
The promised benefits of market competition have never materialised as the energy companies colluded to rise prices ensuring consumers are shafted whichever way they turn.
Under Labours plan, they would transfer ownership and responsibility for our utilities to publicly-owned bodies bringing utilities back into public hands and putting the massive profits directly into Government coffers and bringing down household bills.
Privatisation has been the exact opposite of what the Conservatives under Margaret Thatcher and David Cameron promised us and the Conservatives are eyeing up the NHS, the jewel in the state run crown, and if anybody believes that having a company running our Health Service for a profit will improve standards or keep it free to use, then they should cast an eye across the Atlantic to
America and ask themselves why would would we want to replace the NHS with a system of Health care where the ability to pay for treatment is the first question asked.
The privatisation experiment has failed as it is blatantly obvious that it increase costs and lowers the quality of services because it is impossible for the private sector to deliver the same service for less and still make a profit and making a profit is the bottom line for businesses.