Bread and Butter wrote on Apr 1
st, 2014 at 10:52am:
I am old enough to remember the pre-privatisation days and they are not quite as golden as you recall. Power blackouts, while not common pre se, were not Uncommon. Now they virtually only occur due to accidents such as cars taking down poles or the rare transmission failure after which the alternative supply lines come into play within minutes - something that is relatively recent.
Yes, it is more expensive now, but I think blaming private enterprise for that is a bit convenient.
I remember banking when it was government regulated and partly government owned and getting a loan was a nightmare. banking hours were between 1 and 2pm on alternative Fridays.
Water supply is now significantly more reliable and of better quality.
I say these things to remind those on here that there is no evidence privatisation is intrinsically bad. There have been some bad examples but also some good ones, as identified above. The opinion expressed by many of you that somehow govt owned business is more effective, more profitable and more likely to innovate and provide better service is at all odds to history.
So - we are to believe that:-
> Improvements in technology etc, which could equally have gone ahead under government control of power, only make a difference to 'black-outs' when in private hands at prohibitive cost to the end user?
> Easier access to money in borrowing is a good thing, when the market shows signs of over-lending on too little hard collateral (property accumulation in the Alan bond mode)?
> Improvements in technology etc, which could equally have gone ahead under government control of water, only make a difference when in private hands at prohibitive cost to the end user?
I think not, and I sincerely doubt we need 'CEOs' of the like of Arfur Sin of Dinos to organise our water at mega salary and $20million+ bonus for good work.
The structure to do any needed changes was already in place without 'privatisation', and his 'contribution' is to sit at the head and twiddle his thumbs as a reward for his years of loyal service to the Liberal party.
All costs associated are passed down to the end user.....