Iguana posted:Dis TK is de same man who write lengthy articles criticizing the financing of the bridge and was prescient re its eventual demise. But now, years later he loss he tongue and mentions not ONE word about rat man and he friends.
"The economist spared no effort in chastising the coalition Government for appearing not to be certain about what they are doing"
Imagine, de same man who predict the disaster now calling fuh "buyout" suh rat man and he friends kyan get deh money back. Who want buy a losing entity, eh TK? Talking about "public good" while dem Berbicians getting rob blind.
Let de dam ting go bankrupt, govt tek it over NIS get de money back. Screw rat man, labba man and dey frens.
I do not see the logical contradiction of having spoken out against a poorly planned investment and now asking for a buyout of the same. That it was a crony capitalist project does not mean the present government cannot intervene and seize the asset as in lieu of national and economic security. They are actually obliged as best practice to solve this problem and they have few options ( actually relegated only to what TK suggests). They already own the majority share of the company.
Letting it go bankrupt would mean seizing it from the banks similarly to preserve the same practices repeating itself. They will be faced with the same problem of income being insufficient to maintain the present rates per vehicle. Government are not profit making entities so they would be better placed to subsidize the fees.