@bigboab
Sorry to ask again, what I'm trying to find out is if British consumers were better off financially before or after the utilities were privatized. Allowing for inflation are you paying more or less in real terms in the free market than in the nationalized market. Did privatization and the promised competition bring prices down at all or did they just go to whatever price could be squeezed out of a captive audience?
In reality did privatization bring any competition at all or just a private monopoly?
There is a point to this. I'm a free market guy, but I have misgivings as to if the free market offers the best solution when it comes to things for which we have no choice. For example we need water, it's not a choice, so as consumers we don't have have the bargaining power of saying "i'm not paying that, I'd rather go without".
@j2k4
I have an observation about your new red quote.
“It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication AND a government bureaucracy to administer it.” - Thomas Sowell
With the debate going on almost (not entirely, because I did note your posts) to a man those that object to any kind of government health program (except don't touch their Medicare) have defended private insurance. One particular argument has been that a public option is an unfair competitor because it wouldn't have to make a profit and would destroy the insurance industry.
I admit I haven't read all of Sowells' opinions, like all ideologues I find the required omissions of sided arguments leave them wanting, but I don't remember him ever saying "
“It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication AND a PRIVATE bureaucracy that needs to cover cost and make a profit to administer it.”
I note you have objected to private insurance, or at least I think you have as mosts of your posts never state a clear position.
Bookmarks