10 Reasons Why Privatisation Is Bad For you.

1. Your services get worse

Public services involve caring for people. But private companies make a profit from public services by cutting corners or underinvesting.

#PrivatizationGoBack
2. Privatisation costs you more

You pay more, both as a taxpayer and directly when they privatise public services. In such services, profits must be paid to shareholders, not reinvested in better services. And there is extra costs of creating and regulating an artificial market.
3. You can't hold private companies accountable

If a private company runs a service, they are not democratically accountable to you. You don't have a voice. There is very little transparency, public accountability or scrutiny.

#PrivatizationGoBack
4. You don't get a democratic voice

When we go to the shops, we all make our own individual decisions about what we want. Public services are different – they give us a chance to come together to decide what kind of society we want to live in.

#PrivatizationGoBack
5. Privatisation creates a divided society

Privatisation often goes hand in hand with encouraging richer people to pay more and opt out of the services we all use. This leads to division, making it harder to provide excellent public services for everyone.

#PrivatizationGoBack
6. Public services are natural monopolies

Privatisation was introduced because of a belief in free markets and consumer choice. But public services are often what economists call ‘natural monopolies’. Private monopolies often become the worst of all.

#PrivatizationGoBack
7. Privatisation means fragmentation

When lots of private companies are involved in delivering a public service, this can create a complicated, fragmented system where it’s not always clear who’s doing what.

#PrivatizationGoBack
8. Private companies cherry pick services

Private companies cherry pick the profitable bits of a service so they can make as much money as possible. It's more efficient to run public services in public ownership so that profits can be reinvested across the network as needed.
9. Privatisation means less flexibility

Government departments are responsible for meeting the needs of the public. But selling off public assets means we the public have fewer options and resources for delivering the services we’ll need in the future.

#PrivatizationGoBack
10. Privatisation is risky

Look what happened when Yes Bank failed. If private companies are running our public services and are too big to fail, the public has to pick up the pieces when things go wrong.

#PrivatizationGoBack

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More from @jitesh_pandey

Mar 11, 2021
Important Thread:

फोर्ब्स मैगज़ीन के एक पत्रकार हैं निक मिलानोविक. अगस्त 2020 में इन्होंने एक आर्टिकल लिखा था जिसका शीर्षक था 'The U.S. Needs Banking-As-A-Public-Service'. इस आर्टिकल का लिंक मैं नीचे दे दूँगा, पर ये आर्टिकल आपसे ज़्यादा उन लोगों को पढ़ना चाहिए...
जिन्हें लगता है कि अमेरिका जैसे विकसित देश में प्राइवेट बैंक होने से बहुत तरक्की हुई है. उसी आर्टिकल से कुछ तथ्य आपके सामने रखना चाहता हूँ.

1. एक औसत अमेरिकन नागरिक की Per Capita Income भारत के नागरिक से कहीं ज़्यादा है. मतलब वहाँ का एक आम आदमी भी निजी बैंक में खाता खुलवा कर..
बैंकिंग सुविधाओं का लाभ ले सकता है. पर फेडरल रिज़र्व के अनुसार लगभग 55 मिलियन अमेरिकी वयस्क नागरिक या तो बैंकिंग सुविधाओं से दूर हैं या अंडरबैंकड हैं. ये कुल हाउसहोल्ड का 22% है. वजह? बैंकिंग सुविधाओं का अत्यधिक महँगा होना...
Read 13 tweets
Jul 28, 2020
Tejas Express - India's First Private Train is a Sham!!

This is going to be a long thread so read it with utmost patience and try to grab how things are getting worse within a short span of it's much fan fared launch.

#StopPrivatization
#TejasExpressExposed
#IRCTCExposed
The Tejas Express hit the tracks 4 October 2019 as India’s first private train. 
While the infrastructure of the train, coaches etc, are owned by the IR, services like catering and cleaning are handled by firms through the railways’ subsidiary company IRCTC under the PPP model.
With its uniformed staff, promise of shorter travel time than the Shatabdi, and compensation for delays, the train spurred much excitement among passengers. They even fleeted pics like these to lure the passengers 👇

#TejasExpressExposed
#IRCTCExposed
Read 14 tweets
Jul 27, 2020
10 Reasons Why Privatisation Is Bad For you.

1. Your services get worse

Public services involve caring for people. But private companies make a profit from public services by cutting corners or underinvesting.

#StopPrivatization
2. Privatisation costs you more

You pay more, both as a taxpayer and directly when they privatise public services. In such services, profits must be paid to shareholders, not reinvested in better services. And there is extra costs of creating and regulating an artificial market.
3. You can't hold private companies accountable

If a private company runs a service, they are not democratically accountable to you. You don't have a voice. There is very little transparency, public accountability or scrutiny.

#StopPrivatization
Read 11 tweets

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