this post was submitted on 06 Jul 2023
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UK Politics

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Blame financial blunders and timid regulation, not privatisation

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[–] [email protected] 2 points 2 years ago (1 children)

It's a double edged sword. A private company with a strong regulator might have more appetite for investment. However, a private company might also do their utmost to work around any rules, investing as little as possible to make the most profits.

[–] [email protected] 1 points 2 years ago

Which is why the 'strong' bit of 'strong regulation' is key. Not just write some hands-off rules and call it job done, but ongoing supervision by the regulator.