What Does Renationalizing Thames Water Mean?
For weeks, now, British editors, letter writers and resident economic thinkers in the government have been debating how to preserve Thames Water as an investor-owned entity. We might ask, “Why bother?”, but if you are a British neo-liberal intellectual, the superiority of private ownership is dogma, so don’t ask. And if you are in the energy business, you might ask why you should care? To which we would answer that some energy consumers soon may ask what advantage private ownership confers on their energy suppliers, you know,…