XX

freediver wrote on Jun 8^th, 2022 at 9:57am:


Cease selectively editing posts.

You have banned people for doing that in the past.

How about you explain the massive price increases in electricity & gas?

Aust fracked gas is being sold into Asia for 4 cents a gigajoule(39 litres)

LPG gas costs Australians $1.18 per litre.

Is being obtuse a deliberate ploy?

Electricity generation & supply should never have been privatised in the first place.

freediver wrote on Jun 8^th, 2022 at 10:30am:


Sounds right - phuqing things over close to home 

It is the large corporate energy companies that are cashing in on renewable project investment.

They are not investing in new coal fired generation because banks wont touch it because they gone green woke.

They're all about making money & they will be raking it in from both sides - renewables & what's left of our coal fired generation ... because the price is rising rapidly.

Quote:

freediver wrote on Jun 8^th, 2022 at 9:57am:


Because they are likely to be monopolies, like the Adelaide Electricity Company  which Playford nationalized in 1946 because the company was a monopolistic profit-maximising, price gouger. 

Quote:


Er....we have a cost of living emergency, courtesy of your survival of the fittest neoliberal "invisible hand" market orthodoxy.

Quote:


No.

[Note: you - being a self admitted ideological fraud, see post #24..."FTW"....ignored my reply addressing your question above; you merely take replies  of different people and lump them into one post].

To answer your question, we look at issues like natural monopolies versus market efficiency, in the delivery of essential services.

And by the way, we need mixed economies (public and private) in housing, to ensure everyone is housed, as was achieved by Menzies' "Public Housing Department", and is the case in Singapore

As for food, given the vagaries of energy markets and input costs for farmers, food costs for low income groups may need to be subsidized by the government.

 

freediver wrote on Jun 8^th, 2022 at 12:30pm:


Because  the harnessing of  fossil energy - or solar energy - requires $billions  - and in the case of renewables - $trillions in investment, creating a natural monopoly (like the NBN and the Adelaide Electricity Company  cf a family business building houses or growing food in the market economy ( and even so prices will need to subsidized by government, for low income groups).

freediver wrote on Jun 7^th, 2022 at 4:12pm:


If you cannot sell a product like an industry at its value then the argument for selling a profit making industry fails to exist.

Why would you deliberately make a huge loss just for dogmatic reasons when you have the option to continue to make big profits While providing better service at lower prices maintaining control over the industry and employing more people on better wages and conditions.

This is at the same time as living up to governments responsibility to provide essential services in the country's best interests.

In most cases government privatisation entails a governments failure in living up to its responsibilities.

Frank wrote on Jun 8^th, 2022 at 1:10pm:


Quote:


Having worked both sides of this fence I can say that it is not true in general to say that private is more efficient or that there is much if any sign of competition as a driver anywhere in the Australian market. In fact I would say that in general Government employment is slightly less corrupt and slightly more efficient most of the time (there are some startling exceptions). There is a strong natural driver to keep prices low in the public sector that does not exist on the private side.

The private sector is driven by ever increasing profits that often devolve to as much as they can get away with - price gouging is not the exception.

Collusion among competitors is more common than competition. Why would multiple companies compete when they can all make greater profits together ?