148. France on fire, Thames Water troubles, and NHS privatisation
The Rest Is Politics
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Thames Water: A Troubling Dive into Privatization
This chapter combines a humorous personal anecdote with a serious critique of Thames Water and its challenges stemming from privatization. It highlights the company's extensive debts, infrastructure issues, and public dissatisfaction, while posing critical questions about the effectiveness of privatizing natural monopolies like water. The discussion reveals the significant financial and managerial challenges that may arise if the water industry were to be renationalized, reflecting on the broader implications of profit motives in essential services.
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Transcript
