Author Archives: Oscar Renton

A democratic case for public ownership of utilities

Britain has spent the last few decades running a national experiment. We have taken essential infrastructure that behaves like a monopoly, we put it in private hands, and we hope competition somehow emerges. I can’t blame the utilities executives. They got lucky and landed the utilities in the 80s, like some awful game of Monopoly we still pay for. No risk and all reward, what a deal!

The results are familiar to anyone who has navigated unreliable rail services or warned their children of the dangers of swimming in the sea that was safe in their childhood. When a market is a natural monopoly, public ownership is not a nostalgic slogan, it is the prudent way to align economic incentives with the public interest.

Posted in Op-eds | Tagged | 28 Comments
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Recent Comments

  • paul barker
    I agree with the comments so far except for the calls to delay Electoral Reform until yet another General Election. The Voters have already spoken in favour of ...
  • Mick Taylor
    Ros, I was right with you until you used the word referendum. Every time there is a referendum, the power of MPs to make the decisions they were elected to mak...
  • Nonconformistradical
    @George Thomas "....but only if we recognise that many people get paid when they shouldn’t and many people don’t get paid (or paid enough) when they shou...
  • Steve Trevethan
    Thank you for a most relevant article. Might it assist the UK to become more of a genuine democracty if state education enabled furture citizens to question ...
  • cim
    "Then, once that work is complete, the whole package should be put to the British people in a referendum." The rest of the plan sounds good, and some level o...