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As long as the state is owned by the bourgeoisie, nationalisation (especially the crisis nationalisation), is often a form of bailout and capital concentration. It would be even worse now in the advanced imperialism phase.
Do you trust your state “managers”?
No, but I prefer them being state-owned than private.
Agreed…PR privatized our electric grid recently…we have more frequent power outages now and much higher electric bills, very bad situation for poor residents (of which two third of my island falls into). It’s not just the lack of lighting, most poor people who rely on electric power to refrigerate life saving drugs, keep getting screwed over with long periods of no electricity…and Luma is much more relentless with complety shitting power to late bill payers.
The only good thing of Luma coming to Puerto Rico…is that many places, including my low income apartment building, are transitioning to solar rapidly.
For certain natural monopolies like municipal utility companies maybe, but for stuff like social housing it is probably better to just set up new purpose-build agencies and that way force private companies in that sector to compete instead of being modern day slum-lords only.
Long past time!
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