On Monday 30 Oct Nick Atty wrote
Quote
But - as we've seen - pure old-fashioned public sector doesn't seem to
work either because of the danger of random fluctuations in funding
driven by short-term political expediency
I'm very interested in seeing if there is a way to escape this: but I
don't know if it has to be complete privitisation (and, indeed, I'd be
very worried indeed for the character of the canals if controlled purely
for profit). I think there are still a lot of unanswered questions
concerning the property idea including long term viability and the
tension between avoiding a loss and making maximum profit: a true
private sector organisation will always tend to the latter; I can think
of many cases when a body entrusted with the waterways should only be
doing the former.
End
I believe there is such a model the not for profit structure of what was
Welsh Water plc
This was privatized then changed after the directors made a complete hash of
running the Welsh Water and Electricity businesses.
This organization is technically owned by the Welsh public but run on a
business like format.
Obviously on the funding side this is from the water users but if a Property
portfolio was bequeathed to BW then you could operate BW similar to Welsh
water.
Neville (ex nb de nada)
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