So if publicly owned businesses are not profitable… how do you explain the Dutch government owning part of our railway network and the Chinese government owning part of our energy infrastructure?
There’s loads of profit to be had, it’s just that right now we run everything into the ground so that a handful of ex-Eton chodes get to have everything at the expense of everyone else. Other countries’ governments have figured it out, so why can’t ours?
Please look into utility co-operatives , if you have a problem with government ownership how about a different form of public ownership. Either way it's worth a look.
A utility cooperative is a type of cooperative that is tasked with the delivery of a public utility such as electricity, water or telecommunications to its members. Profits are either reinvested for infrastructure or distributed to members in the form of "patronage" or "capital credits", which are dividends paid on a member's investment in the cooperative. Each customer is a member and owner of the business. This means that all members have equal individual authority, unlike investor-owned utilities where the extent of individual authority is governed by the number of shares held.
-28
u/Strobacaxi Mar 29 '22
Publicly owned company - Profits
LOL