Reply to post: Re: Thoughts

Why OH WHY did Blighty privatise EVERYTHING?

Tim Worstal

Re: Thoughts

Well:

"An underreported aspect of the Nationalised Industry structure was the provision of hundreds of thousands of well-paid jobs,"

Jobs are a cost of doing something. We can tell this because paying wages comes under the costs part of he accounts of the organisation that pays them. That the nationalised industries provided many more well paid jobs than the privatised ones is all the proof we need to show that the nationalised industries were inefficient.

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