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by jcbrand
1249 days ago
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Eskom in South Africa provides about 90% of the electricity and is a state owned enterprise. It's not privatized at all, it's a state-owned monopoly. So basically the exact opposite of what you're complaining about. Privatization, i.e. selling off individual power plants to private entities and allowing private entities to generate more power is probably the best way out of their electricity crisis. |
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That's not to say that nationalized or majority-government-owned companies can't fuck up either, France's EDF or Germany's Deutsche Bahn prove that, but at least the government there can be held accountable by the general public in elections.