greater number of pay beds.
Private firms can generate and sell electricity via the national grid.
Project Mercury, the business-only inter-city telephone British Rail facilities in competing with universities cademic staff are increasingly setting up tell own companies to expiolt new products developed in publicly-funded escalei projeces.
Expanding private services THE GOVERNMENT the provision of private health, educa tion and transport.
Thirteen private hospitals are under construction and 45 more are planned. Health insurance now covers 4 million people Voucher schemes in education will be introduced to stimulate the foundaNot new private schools. public spending throw more health provision and other forms of caring the home with the main burden being born by women.
compared firms. industry was nationalised Secondly, tionalised business, particularly.
profit.. This has dustry.
Thirdly, most
rather than Cultuallics boosting ine dustry.
past, pension funds.
So the they would be profitable.
profits to the private business. Freed of which nationalised operate, Cable and 1981, has shown a 47 in profits over the last two years.
following its sale.
in 1981 • British Airways, for Drivalisallull.
Photo:
Times as being because:
British Airways (probably the privatised) are £77m.
network will use with state provided services, colleges benefit.
the works out in practise. xpandin Take the BACTE strategy lucant unc commercial which they operate:
Cuts in which are continually changing. into 'Commercial selective about treatment that they IT'S TRUE that nationalised industries often show a trading loss with private compendix. panies. But they are subject to factors which do not impede private Loe Nationalised industries have share-holders. They rely on loans from the government. The interest charged 1s far higher than for a private company popular and is paid from pre-tax profits. In many cases these loans are the result of compensation that was paid when the services provided by naindustries to private energy, are kept low so Inal privale maustry can make a particularly been the case in the electricity and gas supply innationalised industries use a depreciation policy that makes allowance tor intlation. Moner is set aside to replace worn-out assets back on the basis of their replacement cost actual cost. Few private do this. again apparently had private firm's profits as compared with those of nationalised inmonths Finally, because of mismanagement several than 60 dustries have now had to set aside very shares. large sums for the adiustment of their nationalised industries were judged by private sector standards ths later. selling them the government has handed over the constraints under industry has privatised companies do turn made. in record profits for their new owners.
Wireless, privatised in per cent increase shares • British Sugar Corporation produced DCI recora pronts ana alvidenas in lne ycal • British Aerospace immediately produced pre-tax profits 34 per cent higher its privatisation next in the queue had 1982's record £544m losses explained by the Financial 'management hest tieh one resule that future result future depreciation will be lower and profits in any prospectus forecast thus enhanced' bound profits this year last before being THE TORIES argue that by allowing private companies to compete the consumers are offered a freedom of choice from which they can only This view finds an echo among right wing Labour politicans who argue that 'mixed economy' provides the best of both worlds. But this is not how it health service. Governallow private medicine to coexist alongside the NHS.
growill ot small hospitals The Investors Chronicle explained the principles on Like rears on the seats in theatres, its bodies in the beds that count for a 10O.i private hospital and preferably bodies hospitals have to be the sort oI meaical offer. Long-stav patients such as the elderly, mentally ill and those convalescing do not usuall What does is the make good us co. short-stay surgical operation such as hernia repair, varicose vein treatment, removal of tonsils, gall bladder and apTory strategy is to cut back on NHS services precisely to allow the growth of private SCCLOT the idea freedom of choice is a myth.
The state sector has to shoulder the burden of the unprofitable and the unwhile the private develops its own monopoly assisted by the government.
'Privatisation is the route to a property-owning THE TORIES have made great play of the opportunities for more people to buy shares and benefit from the capitalist system. say firms sold off are being 'given to the people'. But people? • British Aerospace after privatisation 158,000 shareholders of later the number shareholders had fallen to 27,000 and 143 large shareholders owned more per •cent of non-government • Cable Wireless had 157,000 shareholders when its shares were sold. Only 26,000 still owned shares 11 monAs most shares have appeared on the market their prices have rocketed. Large companies with the resources to do so then buy out small shareholders attracted by the initial profit to Even when employees are given the company this amounts to a marginal number — thre Coll Last ot Britist Aerospace.
from privatisation amounting to these companies and services being given back to the people they end up in the pockets of the ruling rich.
'Privatisation eliminates waste.
NATIONALISED industries public service are often accused of having bloated bureaucracies and being lil balaly cases this is true but are the privatised industries any better!
The Health Service in particular is cited as an example where the number of 'non-medical' staff could be pruned backed by privatisation. But in the US sector They which whom Fifteen of be rarely private GRAND MET Making it public Evidence Pluto 4A Press Fonis Boyle Arguments for
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N: IT IT
'Privatisation increases freedom of choice
myths 'Privatisation saves money'