Pyrpolizer wrote:Lordo wrote:The west has been doing this for a very long to the third world, but this is different. Now they are stealing from their own kind. I thought that these people were so rich that they would run rings around the western court system. It seems they are so contented with what they have left that they do not care. I guess to them it is like stealing 5 pence out of their pockets.
Ok but what do you think about state owned assets?
I did not follow what happened in Russia regarding state owned assets very closely, but I do know what happened to state owned assets in the UK.
They were sold for a fraction of a price to what they were worth. Soon as they were sold the price increased and the idiot public thought they were making something for nothing so they sold their shares to the corporations and here we are today, all the utility companies in the hands of the corporations and they are robbing people left right and centre. Paying themselves and their share holders huge bonuses at our expense.
I suspect Yeltsin did the same and became wealthy with his palls and when Putin came to power he did the same and in fact some of Yeltsins pals ended in prison.
State assets should remain in state control. This idea that privatisation is better is bullshit. None of the utilities that were sold were losing money, except British Rail and in reality it was never privatised properly. It was semi privatised with the public taking the losses and the corporations running the trains making a killing as well as getting subsidies from the government. If |British Rail was privatised properly there would be no takers. Well at least 90% of the lines would have no takers.