All this preamble is very relevant in the context of water companies.
would be whether those shareholders should be due any compensation if the companies in question were to be taken back into national ownership?
In addition, if, as is very likely, that replacement infrastructure is considerably more efficient than the Victorian system that it will replace, including with regard to leakages, processing of sewage, and the reduction in waste, then there may be considerable savings to in fact pass on to the consumer, which no shareholder would then partake in.
How to realise money for investment for this purpose?
The purpose of privatisation was to gain access to the finance to upgrade the systems. Because government would not – correct, would not – spend that cash on that purpose.
At which point the water companies have gone and borrowed lots and lots to upgrade the systems. Which they have done.
So, we should abolish this system then ensure that the new structure borrows lots and lots to upgrade the system.
Blindingly obvious really…..