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Contingency plans reportedly being drawn up for Thames Water collapse

Posted by Bellybutton_fluffjar@reddit | collapse | View on Reddit | 58 comments

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58 Comments

spanksmitten@reddit

My favourite part of privatisation is companies pumping raw sewage into our streams, rivers and sea 🥰 What's everyone else's!
View on Reddit #4380661

loub88@reddit

Unfortunately it’s a symptom of climate change (more rain) and the fact we have a combined sewage system in the uk (I.e. both sewage and rainwater goes into the same pipe network). Overflows are part of that system to release excess waste water when there is a sudden influx of rain that the sewage network can’t cope with. If it wasn’t released into the sea, it would be coming back into homes etc. Obviously more needs done to protect environment, but just wanted to highlight it’s not because of privatisation…and it’s not a quick fix
View on Reddit #4405189

bernmont2016@reddit

I live in a US city with ostensibly separate "storm sewers" (for rainwater) and "sanitary sewers" (for the other stuff). But the aging "sanitary sewer" pipes have a lot of leaks, where a lot of rainwater still gets in. They've been replacing pipes for years, but it's a slow and expensive process.
View on Reddit #4554305

spanksmitten@reddit

Lack of investment into infrastructure and profits being funnelled into shareholders is very much because of privatisation.
View on Reddit #4436837

Smegmaliciousss@reddit

PFAS does it for me
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jbond23@reddit

Yes, the UK got destroyed. But for a beautiful moment in time, we created a lot of value for the hedge funds, disaster capitalists and kleptocrats. Brexit, Privatisation, Covid, Tory in general. It'll be deeply ironic if it's shit that brings down the Tory Government. Note that as well as providing water to 25% of the UK's population Thames Water also processes the shit of 25% of the UK's population. And dumps it in the rivers when it rains. Or doesn't rain. - Oh Noes! Drought! What are we going to do? - Same thing we always do. - What's that? - Double down on the corruption and make out like bandits
View on Reddit #4439582

Bind_Moggled@reddit

Privatizing public utilities is such a brilliant choice! Sure, it means a reduction in the quality of service the public receives, and ends up costing the taxpayer more because now there’s profit to be made on top of expenses, and yeah, sometimes they collapse or fail because the shareholders play fast and loose with the rules - but just think of the return on investment for the owners! And as we all know, when the owner class benefits, we all benefit!
View on Reddit #4395508

LO6Howie@reddit

Zero incentive (not strictly zero but fuck me, the mechanisms to deliver the work are obtuse, opaque and loaded with risk) to build out the kind of infrastructure needed for long-term, sustainable growth. Too much reactive work, not enough proactive. And the latter would, arguably, only really be effectively manageable if it was a state-run enterprise. And even then, the political battlefield is so short-term now, who would sign-up for the kind of equitable infrastructure that we need, but the kind that costs a tonne now and delivers benefits to the next generation?
View on Reddit #4435357

VictoryForCake@reddit

I know Thames Water has long term problems in that it is struggling to source water both to supply the expansion of the GLA, and retain a reliable supply during summer time droughts and coming climate change, this is an issue all over England though not just the GLA. Some of the solutions involved piping water from the Scottish lochs south, and making new reservoirs in Wales, both of which were vetoed by the respective devolved governments. The demand for Water in England to fuel industry and agriculture is going to exceed what can supplied by a large margin in the near future. Crunch time is coming for England. Honestly having been through London and much of England, it is apparent just how densely populated the region is, and supporting their ever growing population is going to be massive problem the British government will not be able to deal with, this bankruptcy is just an accounting error compared to the real issues that are coming.
View on Reddit #4373514

stedgyson@reddit

Can't even build enough houses for us to live in let alone any other infrastructure
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LO6Howie@reddit

They can’t do the former without the latter now, which is holding up the house building significantly. Literally no capacity for new houses to go onto the electrical grid in chunks of the South East. Can’t have houses without the infrastructure to support it; haven’t spent a penny on infrastructure in decades, so the consequences are coming back to bite us now
View on Reddit #4435251

Pitiful-Let9270@reddit

This isn’t collapse. This is capitalism by design.
View on Reddit #4377397

alwaysZenryoku@reddit

You repeated yourself…
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Bellybutton_fluffjar@reddit (OP)

Capitalism is collapse.
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Pitiful-Let9270@reddit

No it isn’t. But a lot of collapse theory crafting is based on anti capitalism propaganda out of Russia and China.
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Bellybutton_fluffjar@reddit (OP)

"someone said something I don't like! It must be propaganda!"
View on Reddit #4389136

Pitiful-Let9270@reddit

I know, nuanced concepts can be difficult to grasps sometimes.
View on Reddit #4389826

stedgyson@reddit

Imagine the city of London not having access to potable water and sanitation...that definitely would be a collapse. The world would keep turning but the UK would not
View on Reddit #4417897

pro-window@reddit

My personal cost of living has gone up 25% in 2 years. Not normal. Or good.. you guys think we’ll ever have politicians who don’t grift us?
View on Reddit #4421926

Middle_Manager_Karen@reddit

Private equity stripped them of assets and dividends Leaky pipes not fixed despite massive revenue. Sounds about right for late stage capitalism
View on Reddit #4382177

picky_stoffy_tudding@reddit

I love how they used the cheapest time to borrow money in decades to fill their pockets and run up massive debts. Then, when the money tap ran dry, and it was time to invest, they gave the broken "business" back to the taxpayer. And it's all legal. No one will be jailed!
View on Reddit #4418802

Humble_Rhubarb4643@reddit

This is what happens when a service is privatised. And profit is prioritised. It boggles my brain that water, electric, transport etc etc were ever allowed to be privatised. The NHS is next.
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Bellybutton_fluffjar@reddit (OP)

I don't think they'll privatise the NHS, just make it so bad that people with the money will pay to go private instead.
View on Reddit #4369171

Chostatiel@reddit

What's the difference.
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Icy_Geologist2959@reddit

This is often the justification for privitisation. Underinvest until the organisation breaks, then turn around and say 'ha! More proof government has no business in running anything!' and hand it over to private hands.
View on Reddit #4380803

monsterscallinghome@reddit

Case in point: American public schools.
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machone_1@reddit

basically what's happening right now, the queues for certain operations are so long that people are raiding their equity or taking out loans and going private and no doubt being operated on by the same surgeon in the same operating theatre. Dentistry is just as bad.
View on Reddit #4394300

TabletopVorthos@reddit

That's what we are doing with schools in the US. It's a very insidious way to milk more profit from the public. Thanks, capitalism!
View on Reddit #4386997

t1m3f0rt1m3r@reddit

That's very often the model of privatization. Check out the documentary "Taken for a Ride", about the US oil/tire/car industries using degradation of service to destroy and privatize public transportation. https://youtu.be/p-I8GDklsN4
View on Reddit #4380735

WorldsLargestAmoeba@reddit

Same in Denmark.
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whichkey45@reddit

They already are. And yes, under-funding something to the point of failure is a well-trod path to privatisation.
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Humble_Rhubarb4643@reddit

Yeah, possibly. If that's their plan, it's working!
View on Reddit #4370022

nameforaguy@reddit

Lol
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U9365@reddit

My Privatised Thames Water Annual water bill is cheaper for the same volume of water used than my relative's annual bill from the still in public ownership Welsh Water. Yes: no one in the UK wants to talk about how Welsh Water is still in public hands. Furthermore the amount of work and investment in the water supply locally has been far greater since privatisation than before when the water supply was treated as a cash cow by whichever Gov was in power and next to no investment in the future during those times was done - which is why all the pipes now leak and sewage overflows into the rivers! Frankly water is far too cheap which is why mending a leak costs far more than the water lost through the leak....
View on Reddit #4405694

BTRCguy@reddit

This overlooks the problem that you had a government where a sufficient majority thought privatising an essential service was a good idea. Or more particularly, that the system of government allowed it in the past, allows it now and will allow it again in the future. I do not have the intense hatred of private industry that some people do, but some services are *not* meant to be profit-driven entities. Public education, prisons, military, essential services, etc. The primary goal of these things should be *what they are*, not profit for the investors in it.
View on Reddit #4374014

machone_1@reddit

ah yes, the old privatisation campaigns such as 'if you see Sid, tell him' etc. where the common folk got their allocation of shares and promptly sold them to the big boys on day one.
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Humble_Rhubarb4643@reddit

Yeh, in my books a service should *cost* money, not make money.
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BTRCguy@reddit

Exactly. It should be run efficiently so that it does not *waste* money, but it will certainly *cost* money.
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DubbleDiller@reddit

Socialize the costs, privatize the profits. It's the capitalist way!
View on Reddit #4382306

Independent-Move681@reddit

How can a water corporation not make insane profits? All they have to do is apply supply-demand law to make prizes skyrocket
View on Reddit #4382289

Middle_Manager_Karen@reddit

Internet should be taken out of private hands now too. Convert Comcast, mediacom, and others to utilities
View on Reddit #4382237

Hoodoo89@reddit

Yep. Any essential service should not be privatised. This should include things like banking.
View on Reddit #4370615

myrainyday@reddit

Why don't people just sell / rent their homes and go spend time in other countries? Possible to find a job in other countries. I know one guy from UK that lives in Klaipeda Lithuania for time being. Packed his bag, found a job and doing ok.
View on Reddit #4371910

stedgyson@reddit

Brexit has made it harder but if you're young and skilled then it's not a bad idea
View on Reddit #4417705

craziedave@reddit

How is everyone in the area going to sell or rent their homes if everyone leaves? Who is buying?
View on Reddit #4379838

myrainyday@reddit

It's not for everyone. Masses cope, people who can try to diversify their options. Like I said, I have acquaintances from UK who are living in Lithuania having good time. Also I know Lithuanians who work remote and live in Portugal, a cheap country to rent. There are options but these are not overnight solutions.
View on Reddit #4388388

LO6Howie@reddit

It that easy champ. Friends, family, communities and careers. Can’t just down tools as easily as that. You knowing one guy is not exactly a measure for success…great to hear that it’s possible, sure, but anecdotes aren’t exactly a compelling case
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myrainyday@reddit

Hello thanks. Well your Countryman begs to differ I am afraid.
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PimpinNinja@reddit

Countryman as you said. Singular. I'm assuming with your comment that he has room for everyone else? No? Than that's a singular solution to one person's problem. His solution doesn't scale. "When you know not of what you speak, your mouth is best used for chewing." - Joel Rosenberg
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CotUB2009@reddit

Large energy utilities currently are trying to buy up small municipal and other public water systems. Get ready for it here, folks!
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Deguilded@reddit

So this "contingency plan"... would it happen to be the one where the government bails it out at taxpayer expense?
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Bellybutton_fluffjar@reddit (OP)

Yeah pretty much. Privatise the profits, socialise the losses
View on Reddit #4389053

Nepalus@reddit

This is going to be one of the bigger monkey wrenches thrown into modern economies. Economic growth is tied to population increase, but the resources essential to our survival are going to become more and more scarce. They're already looking at immigration to solve the declining birthrate issues, but how long before the resource situation grows so dire, that we don't want to bring anyone in that isn't a high performing skilled worker (if that) because of the additional strain on our resources for those already present in country? There's going to be a lot of straws falling on that camels back.
View on Reddit #4374405

TheTusch@reddit

Author Peter Zeihan wrote [The End of the World Is Just the Beginning}(https://en.wikipedia.org/wiki/The_End_of_the_World_Is_Just_the_Beginning), which deals with many things, but one major part is shrinking populations are going to destroy the global economy. He talks about how the United States are one of the few countries where immigration can save the shrinking population. Its a great book, but not a quick read by any means.
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WarGamerJon@reddit

This is a highly selective post. By comparison Southern Trent Water made ÂŁ508 million in profit last year. This is about Thames Water being badly managed over successive years leading to this and not collapse related. U.K. government is no more broke than say the US Government.
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LO6Howie@reddit

We do, however, have a significant problem with the state of infrastructure in London and the South East. There’s currently such a significant lack of grid capacity in west London that you won’t currently get planning for developments for at least 20 years. So many companies are tied to this appetite for insatiable growth and yet the infrastructure is so far from being able to actually support it.
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StatementBot@reddit

The following submission statement was provided by /u/Bellybutton_fluffjar: --- SS. The UK government privatised the water industry in the 1980s, creating a monopoly on water supply for a handful of companies and set up a weak regulator with little to no powers. Now the biggest of those water companies that supplies London and the south east, approximately 1 in 4 households in the entire of the UK is about to go bust under the weight of ÂŁ14bn of debt, failing infrastructure that has been under invested in and is leaking billions of litres of water a year at a time of drought, and increased shareholder profit, despite receiving more money than ever from struggling households in the 'cost of capitalism crisis' Now the broke UK government has to step in because y'know, you can't turn off people's access to water. Related to collapse because this is yet another example of how the neo-liberal experiment of selling all your assets and running up huge debts in order to allow short term profits for a handful of wealthy people is failing wider society. This is the cornerstone of all our problems. Failure to plan long term, failure to invest properly. These are the same people we look at to solve climate issues, and they can't even get water to our houses. --- Please reply to OP's comment here: https://old.reddit.com/r/collapse/comments/14l351v/contingency_plans_reportedly_being_drawn_up_for/jptx869/
View on Reddit #4369491

Bellybutton_fluffjar@reddit (OP)

SS. The UK government privatised the water industry in the 1980s, creating a monopoly on water supply for a handful of companies and set up a weak regulator with little to no powers. Now the biggest of those water companies that supplies London and the south east, approximately 1 in 4 households in the entire of the UK is about to go bust under the weight of ÂŁ14bn of debt, failing infrastructure that has been under invested in and is leaking billions of litres of water a year at a time of drought, and increased shareholder profit, despite receiving more money than ever from struggling households in the 'cost of capitalism crisis' Now the broke UK government has to step in because y'know, you can't turn off people's access to water. Related to collapse because this is yet another example of how the neo-liberal experiment of selling all your assets and running up huge debts in order to allow short term profits for a handful of wealthy people. This is the cornerstone of all our problems. Failure to plan long term, failure to invest properly. These are the same people we look at to solve climate issues, and they can't even get water to our houses.
View on Reddit #4368757