> Our water pipes are mostly 100+ years old, our electric grid is ancient, most of our power is provided by plants that are decades old, etc. Chicago decommissioned a 110 year old coal plant in 2012. Our utilities are not exactly places bustling with innovation, new ideas, new technologies. Regulation has effectively killed the once promising nuclear industry, for example.
In a privatized scheme, it is unlikely that infrastructure would be upgraded unless those upgrades paid for themselves in some way or were compelled by law. We are already seeing that telcos don't seek to improve the quality of infrastructure in many cases and instead seek a way to increase margins without having to make significantly expenditures on infrastructure.
In a privatized scheme, it is unlikely that infrastructure would be upgraded unless those upgrades paid for themselves in some way or were compelled by law. We are already seeing that telcos don't seek to improve the quality of infrastructure in many cases and instead seek a way to increase margins without having to make significantly expenditures on infrastructure.