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As @UKLabour announce free #broadband for all - or "#BroadbandCommunism" as Tory government propaganda service the @BBC prefer to call it, here's a short THREAD on privatisation in the UK.
Privatisation has been central to the neoliberal project for decades. The 'market' goes deep into spheres of society previously insulated from business: private firms, their owners & senior managers profit from services that should be provided publicly, on the basis of need.
The objective of Thatcher's privatization was to turn British people into a nation of shareholders. It failed. Before Thatche, almost 40% of the shares in British companies were held by individuals. By 1981, it was less than 30%. When she died in 2013, it was under 12%.
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