Wednesday, 19 November 2014
Private Enterprise - The Excuses.
After one year of Royal Mail privatisation it was revealed today that profits are down 6.5%. So, what could possibly have gone wrong? According to the boss Moya Greene its all due to competition from other mail carriers and this threatens the company's ability to deliver across the entire country. Unfortunately Royal Mail was only privatised because the new private owners promised to maintain a country-wide service while their competitors were operating in much the same way a year ago. So what has really gone wrong? Surely it couldn't be down to profits being siphoned off to pay greedy executives and shareholders? Perish the thought. What appears to be happening is the usual special pleading with the newly privatised business hoping for taxpayers money to maintain a service that it swore it could maintain from profits alone. What they are hinting at is for the extension of the new socialism that the banks enjoy - taxpayers money being given to the wealthy to save them from the consequences of their own ineptitude. The railways have been recipients of a similar "helping hand" from the taxpayer ever since they were privatised, but despite this they continue to operate a ramshackle service while charging the highest prices in Europe. This reporter's own local railway service is a case in point. They have recently introduced what they call "The Falling Leaf Timetable". This, the title of the timetable would seem to suggest, is the railway company's answer to that scourge of all rail operators - the dreaded fallen leaf. Essentially the new timetable means that certain trains no longer stop at all the stations along the route despite the fact that they still have to go through them. So how does this help exactly? It also begs the question as to why the service is just as bad during the summer? Unexpected sunshine? Essentially all of this simply illustrates the problem that many private companies suffer from - the over-paid, bone idle and inept executive who's only real talent is getting something for nothing.