@lse: “Water companies are the classic example of where markets won't work because you've got a natural monopoly.” 🚰 In our brand new #LSEiQ podcast Professor Gwyn Bevan from the Department of Public Policy and Department of Management at LSE explains why privatised water companies have failed and why the UK water industry needs to be re-nationalised. 🎧 Link in bio to listen to the episode. #Water #Sewage #Podcast #UK #CleanWater #WaterIndustry #ThamesWater
Private markets work very well, problem is semi private, overregulated markets where someone acts with other people's money, like where politicians buy on our behalf
2025-01-10 06:06:08
2
GreySquare15 :
This is SO obvious I can't believe everyone was taken in by privatisation.
2025-01-10 07:42:46
278
Andrew Builds Models :
all public services, and I mean ALL, must be in the hands of the people, controlled by the people, as soon as it goes private, its about profit, not service....
2025-01-10 13:10:47
110
colin :
Both parties have - still - a dogmatic ideological commitment to privatisation which is immune to reason.
2025-01-10 05:25:20
105
Louis Purchase :
100% - it’s monopolisation rather than marketisation. And it’s disastrous
2025-01-10 19:36:22
12
Noticing greatly :
Also even when there’s competition eventually one of the competitors will win. Producing monopoly.
2025-01-12 20:46:18
5
Aris🇲🇽🇦🇫 :
Great listen, is he speaking at a public lecture soon?
2025-01-07 16:08:50
2
Paddy Heffernan :
Following. Thanks for posting.
2025-01-10 13:15:01
2
😆 :
Dogma is never good. We need pragmatism and a sensible, mixed economy that works in tge interests of the greatest number of people
2025-01-10 07:41:39
2
Matt Usalen :
Tho poor will be tricked until it all bangs
2025-01-10 06:04:17
1
HumanRights :
Health care.
Like you're going to do a full market analysis before telling the ambulance which hospital to take you to. 🤦🏼♀️🤦🏼♀️🤦🏼♀️
2025-01-13 06:39:39
1
Harriet Pretty :
@Dais
2025-01-10 09:33:08
1
user5535221820092 :
Anyone know the name of “his book”, that he eludes to?
2025-01-14 18:36:58
1
thebluebottle456 :
👏👏👏👏👏👏👏
2025-01-15 02:36:05
0
Notes on the Way Out :
👌
2025-01-15 19:25:49
0
20106011 :
when he's water and starts laughing it says it all
2025-01-14 16:06:12
0
tvdog_96 :
I am a Business owner and whoever believes markets alone can create a civilized society does not know the ugly brutal nature of capitalism. history has already shown us those lessons
2025-01-15 02:21:19
0
Chauffeur :
People have to wake up to the fact that the elites have slowly taken over our day to day lives.
2025-01-14 23:21:34
0
Gaius Augustus Germanicus :
"Confidence Trick," or as we say in the states, a con.
2025-01-15 19:28:06
0
cjk_01 :
👏
2025-01-16 02:52:26
0
sam :
Socialism gives them what they need - untilities, healthy food, health system, libraries
Capitalism gives people what they want - 'nice' things, fast food, game shows.
2025-01-30 04:42:24
0
Bindestrich :
the LSE is now critical of its own teachings?
2025-03-08 17:53:07
0
user2616478660564 :
Don’t agree, they’ve been poorly regulated and there’s been collusion for profits. State owned companies involve corruption and theft and many other terrible issues because of poor mgt.
2025-02-02 15:55:58
0
Mary :
🤲💙
2025-02-03 13:16:02
0
Christian Clark :
This is a garbage tier take to convince midwits we need a communist regime. How did that work out?
2025-02-04 21:23:33
0
Danish Beercan :
Some of the comments on here are a little on the wank side…not saying the man is right or wrong, just listen and think and work on your own bias and facts.
2025-02-07 06:47:47
0
Jaycee84 :
guus hiddink?
2025-02-13 15:44:37
0
Bren Cook :
Thank God someone with credibility is saying this as no one has listened to me for years.
2025-02-14 09:17:34
0
N :
Let us save, so we can share and distribute
2025-02-17 10:18:50
0
EconiQ 🇵🇱🇨🇦🇪🇺🇦🇺 :
healthy degree of state ownership on that case?
2025-02-18 07:15:07
0
rumpleforeskin :
markets don’t work well for necessities, proof of that is that people starve
2025-02-18 19:28:07
0
Capitalism - Enjoyer :
Ahh we have a natural monopoly so the solution is to replace it with a violently forced monopoly by the state
2025-02-22 00:51:20
0
Martin 🎭 :
Or energy or transport
2025-02-23 10:37:38
0
spluntii :
Do failing providers really exit the market with bread?? Most bread people eat in the UK is UPF, which is incredibly cheap and incredibly unhealthy. Is that a failing or successful provider?
2025-02-28 15:09:39
0
. :
The link in your bio isn’t working, where can I access the podcast instead?
2025-01-07 15:31:09
0
theobjectivist89 :
Is this guy an economist? He talks about a “monopoly” in water services without explaining the root cause. Which is that the government created the monopoly by issues *licenses* to certain
2025-01-10 18:40:47
0
LifeInNumbers :
He said something wrong. Utilities (like water companies) are not the prime examples of markets not working. The prime example is healthcare. Guess what’s the new sector Reform dreams to privatize…
2025-01-10 07:58:42
0
Dave Robinson :
So privatisation doesn’t work. Public ownership didn’t work. What next for water?
2025-01-10 08:29:56
0
Jimo129 :
I’m not really sure one needed an LSE lecturer or a book to realise this…everybody in the world knows monopolies (water, rail) are a con
2025-01-10 08:35:54
0
sean7 :
sadly bread is poison
2025-01-10 08:56:42
0
Nor Patsim :
China seems to have found the right balance of socialism and capitalism as its economic system, both public and private. It works & is the most remarkable economic transformation in human history.
2025-01-10 10:15:09
0
Panglos :
Do you need reminding about the unions holding the country to ransom. Rubbish in the streets, Coal, British Leyland? Want that back again?
2025-01-10 10:32:21
0
howmanybeansmakefive? :
We all knew this from day one, and repeatedly with every new gov. Even neoliberal institutions like the IMF/EU became wary of full-neoliberalism by the ‘10s. Why does this still need to be explained!
2025-01-10 15:26:41
0
shirty :
Exactly, you shouldn't be allowed to profit from basic human needs
2025-01-10 15:38:50
0
autonomousb0t :
most of the water from california is owned by a billionaire
2025-01-10 17:38:18
0
Kearins :
The biggest trick they ever pulled is convincing working class people that socialism is evil. Go figure.
2025-01-10 17:56:56
0
PeeJay :
👏👏👏👏👏
2025-01-10 18:11:10
0
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