On 26/03/2021 11:21, Dave Plowman (News) wrote:
In article ,
Tim Streater wrote:
Before that AFAIK there was only one supplier of volts which was your
local electricity board. Which was nationalised and had no incentive to
cut costs.

As opposed to privatized, where the incentive is to make the maximum
profit.


And what is wrong with profit? If you have a private pension this is
mainly what it paying for it. The profit also pays for all the money
that HASN'T been borrowed from the tax payer.

There seems to be a some myth that these industries when Nationalised
had cheap prices, provided great customer service and invested in the
future (or even invested in ongoing maintenance).

Even now Royal Mail seems to have woken up (20 years too late) to the
fact they are losing a lot of business to their competitors and are now
considering Sunday deliveries for packages.

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