If we keep the NHS public, virtually all NHS spending recirculates in UK economy. If we privatise, it goes to foreign investors & tax havens
— Clive Peedell (@cpeedell) August 26, 2014
Yep, if we let foreign investors into the NHS then all that money that is paid to doctors, to nurses, to porters, all that cash spent on water, electricity, land, every single penny of the £120 billion a year we lavish upon health care for the citizenry immediately flows abroad, doesn’t it?
The only part that can possibly flow to foreign investors as a result of privatisation is the profit. And the profit is, by definition, the amount that is being added in value. So, they send their capital in (and we get the use of their capital, Yippee!) and if, and only if, they manage to add value do they get that profit stream back.
Adding value = we get more health care for less of our money.
BTW, do note the implication of his argument. The more locally the cash circulates the better. Thus I should never buy anything outside my own household because that makes the cash move outside my household. And thus, by his argument, makes me poorer.
He’s arguing that I am made poorer by buying my bananas from Tesco rather than building a greenhouse to grow my own.