In 1970 the UK and Norway were roughly equal, almost no debt, and owned all their Public Services. Now the UK owns nothing and has £3tn of debt. While Norway still owns everything and has the equivilant of £10tn. That's how privatisation 'works'.
In 1970, the UK and Norway were equally placed: No debt, nationalised services, rich in oil. Today: •Norway owns everything and has £10 trillion in reserves. •The UK has £3 trillion in debt and privatized everything down to the air we wheeze. Norway used its oil to build hospitals. Britain used its oil to subsidise tax cuts and invent billionaires. They got a sovereign wealth fund. We got Serco, Thames Water, and a 10-hour A&E wait sponsored by McKinsey. This wasn’t economics. It was a heist with a smiley face and a copy of The Telegraph. That’s what privatisation does. It turns a country into a fire sale. And then blames the smoke on immigrants.
@flashalgo @BladeoftheS The biggest traitors this country has seen are its own politicians
@flashalgo @BladeoftheS Britain owned most of the world's assets, gold, and oil. Had significant natural resources. False equivalency arguments don't hold water.
@flashalgo @BladeoftheS services for 70mil v 6mil, big difference. Norway heavily subsidised their industry, they gave all the money to the financial elite of Europe while running government deficits. I do agree though, the UK still has the royals and an entrenched aristocracy, have to dump that first.
@flashalgo @BladeoftheS invent billionaires??? Norway has 30% more billionaires, norway has 50% more millionaires...Norway oil and gas reserves in the North Sea were 3 times that of the UK and still is. with a population one fifteenth the size of the UK, this argument is fucking tedious now
@flashalgo @BladeoftheS Thick as they come. But don’t let the facts spoil your argument.
@flashalgo @BladeoftheS No, Norway kept state control over its oil production
@flashalgo @BladeoftheS Yes! Should be an absolute scandal in this country but nobody ever really talks about it.
@flashalgo @BladeoftheS Another clueless lefty. The country was bankrupt by Labour, the Conservative government could not borrow money so they had no choice but to sell their assets.