Why is it so hard to tax the rich? Would it fix our economy? With Gary Stevenson
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The Failures of Privatisation in the UK: A Historical Overview
This chapter explores the historical context of privatisation in the UK since the 1980s, focusing on the failures and consequences, particularly in the water sector. The conversation emphasizes the impact of privatization on prices, service quality, accountability, and profits going overseas, as well as the disparity between public opinion and political decisions. Guests from a non-profit organization advocating for public ownership join the discussion, highlighting the challenges faced by companies like Thames Water heavily invested by foreign entities.
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