The sale of the century
January 10, 2013 4:38 AM Subscribe
How We Happened to Sell Off Our Electricity is James Meek's dissection of the systematic re-privatisation of the UK power industry.
Are you an enemy of liberal principles if you question the fact that, when local electrical engineers dig up the roads in London, they’re working for East Asia’s richest man, the Hong Kong-based Li Ka-shing? In north-east England, they work for Warren Buffett; in Birmingham, Cardiff and Plymouth, the Pennsylvania Power and Light Company; in Edinburgh, Glasgow and Liverpool, Iberdrola; in Manchester, a consortium of the Commonwealth Bank of Australia and a J.P. Morgan investment fund.
This thread has been archived and is closed to new comments