Blame financial blunders and timid regulation, not privatisation

  • GreatAlbatross@feddit.ukM
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    1 year ago

    It’s a double edged sword. A private company with a strong regulator might have more appetite for investment. However, a private company might also do their utmost to work around any rules, investing as little as possible to make the most profits.

    • theinspectorst@kbin.socialOP
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      1 year ago

      Which is why the ‘strong’ bit of ‘strong regulation’ is key. Not just write some hands-off rules and call it job done, but ongoing supervision by the regulator.