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All posts by Friedon Miltman

Below are all of Friedon Miltman's postings, with the most recent are at the bottom of the page.

"Because you can not help noticing that the BBC now spends £222m a year on distribution. Which is ironic, because that is, in cash terms, what it got from privatizing BBC Transmission back in 1997."

The most imporant aspect which is not being highlighted is that that 222 million a year is now going to a private corporation and from the profit it makes on that 222 million, some of it goes into the pockets of the senior management and directors as bonuses as well as the dividend cheques of the stockholders.

Even better that most of those stockholders are not United Kingdom of Great Britain and Northern Ireland citizens (the majority stockholder of Arquiva beiing Canada Pension Plan Investment Board) so money is being funneled overseas.

Surely this policy of redistributing public money from the license fee to the bank accounts of private individuals is just what any good Conservative or [right wing] Liberal should applaud and praise Margaret Thatcher and John Major for their policy of piecemeal privatization of the BBC?

Now if only David Cameron had the intelligence and political backbone to privatize more of the BBC and get more public money diverted into the pockets of overseas stockholders, his re-election would be guaranteed and his place in history as being a true capitalist would be assured.

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