#GlobalSharks
@rmtunion.bsky.social @aslefunion.bsky.social
This is why privatisation of #StrategicInfrastructure doesn't work - the #GlobalSharks offshore the profits taking our money out of circulation. This is just one small example.
England nationalized rail passenger services lease carriages from rolling stock companies (ROSCOs).

87% of rolling stock controlled by 3 Luxembourg companies.

Paid £1.282bn dividends in last 3 yrs. Not taxed in UK.

Privatization has hollowed out the UK - Taxes lost, it is all about exploitation.
If the government wants economic growth it must bring essential industries into public ownership
Successive governments clobber households and small businesses by hiking interest rates to manage inflation, but don’t inconvenience corporations.
leftfootforward.org
October 3, 2025 at 6:16 PM