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  Unfortunately fat cat salaries and disproportionate profits are not a fallacy, they are all too real. I myself would have preferred these gas and electricity companies to have remained nationalised as I cannot see for the life of me what the ordinary man in the street has gained by their privatisation.A few make money, a few, but at the expense of the previous owners..you and me.
  
  A nationalised company would not have required profits on such a scale and any profits that are made could have been adjusted to absorb pain in a downturn.

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