Once again an argument based on our potential incompetence, incompetence that doesn't have to exist.
There's a simple choice, we can have services provided by ourselves, i.e. the government, at the cost of the services.
Or we can have services provided privately at the cost of services, plus substantial profits for shareholders.
I still remember how cheap water once was until privatisation. Now it's very expensive, we were told due to the former neglect of infrastructure. But now , 40 years later, the neglect continues and we suffer the consequences even more, while shareholders do very well. As in Thames Water's seven company multi-layer profit making structure.
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