this post was submitted on 31 May 2024
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[–] [email protected] 32 points 1 month ago (2 children)

Seems like the sort of thing where everyone says “why the fuck was that allowed to happen, what a fucking disaster” in 10 years time.

For now though, greasy palmed politicians will say it’s the right thing to do.

[–] MonsterMonster 11 points 1 month ago

We're only now feeling the effects of the water privatisation of a few decades ago along with the selling off of the council houses.

[–] [email protected] 8 points 1 month ago (1 children)

It's a complete farce, imho. Especially since it's another case of "buying a company by taking out loans against that same company".

It'll just be a waiting game for the promises to expire, then splitting off the profitable bits, lumping the debt onto the obligated post bit, and letting the state pick up the pieces.

[–] [email protected] 4 points 1 month ago

Late stage capitalism at its finest.

[–] [email protected] 20 points 1 month ago (2 children)

Wait, you guys privatized your mail service?! And are now selling it to a foreigner? What could possibly go wrong?

[–] [email protected] 20 points 1 month ago (1 children)

Wait, you guys privatized your mail service?!

Yep, tories like to privatise everything even if it will make things worse or end so badly it needs to be renationalised

[–] [email protected] 5 points 1 month ago

Just like our Republicans.

[–] [email protected] 11 points 1 month ago (1 children)

Well you see it's because of the profit motive. The service will get better and be done cheaper because they will find "efficiencies" that would not be seen if it was state owned. It's elementary really. /s

[–] [email protected] 0 points 1 month ago

So Thatcher took extra pages from Reagan? ;)

Bless their hearts. (I’m from the southern US, for context.)

[–] [email protected] 6 points 1 month ago (1 children)

Even the U.S. under Trump didn't do this. Wow.

[–] [email protected] 6 points 1 month ago (1 children)

I thought he tried by placing some nutter in charge of the postal service?

[–] [email protected] 8 points 1 month ago

DeJoy. Founder of a FedEx competitor called XPO. He's STILL there due to the way appointments to the office are done, and continues his fuckery. But even he hasn't managed to fucking privatize the US mail system.

[–] [email protected] 2 points 1 month ago

This is the best summary I could come up with:

The billionaire sometimes known as the Czech Sphinx appears to be on the verge of becoming the first person to buy the Royal Mail in its 500-year history.

The board of the British postal service’s parent company, International Distribution Services (IDS), has agreed to a £3.57bn takeover bid from Daniel Křetínský, meaning the deal has a strong chance of going through.

A sale would mark a milestone in the history of a business that was privatised just over a decade ago but that can trace its history back to Henry VIII’s Masters of the Post.

So what will a takeover mean for customers and posties and what can we expect from the Czech Sphinx?

The original article contains 114 words, the summary contains 114 words. Saved 0%. I'm a bot and I'm open source!

[–] [email protected] 1 points 1 month ago

Reckon he'll be the guy who buys the NHS next, or will that be some other wealth hoarding pre-corpse?

[–] [email protected] 1 points 1 month ago (1 children)

Czech Sphinx? Because it's a riddle how he was allowed to aquire royal mail or because he is going to squeeze it dry?

[–] [email protected] 2 points 1 month ago

Does anyone else think that nickname sounds like a breakfast cereal?

[–] [email protected] -4 points 1 month ago (1 children)

No more customers getting blamed for 'fake' stamps, hopefully

[–] [email protected] 0 points 1 month ago

More like life bans or deactivation of new mandatory accounts (for data collection) if you don't stick it on straight.