Reply to post: Re: A missing piece of the puzzle

Bring back big gov, right? If only the economics, STUPID, could tell us more

Anonymous Coward
Anonymous Coward

Re: A missing piece of the puzzle

Every 60 - 70 years the communally paid for infrastructure is sold off (cheaply) to those in power, those assets are then run down (whilst operating profits are distributed to the new owners) until the infrastructure collapses and the public (if they want services to continue) are forced to invest anew.

This cycle is repeated just out of living memory (but is certainly inside the 'families' memory)

For those that might be cynical about this point of view should read 'The Ragged Trousered Philanthropists' by Robert Tressel, written in 1910 there is discussion of the privatisation of the gasworks - did anybody tell Sid in 86?

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