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Emeritus Prof Christopher May
Emeritus Prof Christopher May
@ChrisMayLA6@zirk.us  ·  activity timestamp last month

If you wanted one data point to understand the problem with the privatisation of the water sector, how about this:

Over the last 15 years South East Water has spent nearly as much on interest payments (on its ballooning debt) and dividends to share holders as it has invested in water infrastructure.

Which would not be a problem if that investment had been sufficient to maintain secure supplies of water to consumers.... but as we now know, it has not been!

#water #politics
h/t FT

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David Chisnall (*Now with 50% more sarcasm!*)
David Chisnall (*Now with 50% more sarcasm!*)
@david_chisnall@infosec.exchange  ·  activity timestamp last month

@ChrisMayLA6

One small rule change would help here:

Companies may not buy back stock or issue dividends while they have outstanding loans.

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