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A privatised monopoly is still a monopoly, and consumers pay the price : Comments
By Stephen King, published 25/6/2014Moving a business from state-ownership to private-ownership improves the profit incentive. Private owners will focus on their return. That means lower costs, higher prices and increased profit.
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Posted by EmperorJulian, Wednesday, 25 June 2014 1:12:14 PM
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lets not F0RGET/all the public money going into private tax free/trust-funds[if only govt could rent it back for double/
http://nypost.com/2014/06/24/va-misconduct-may-have-led-to-1000-deaths-report/ LIKE GOVT/MONEY IS GREAT [IE NOTE HOW MEDICAL/HAS GOT PHONEY TONY/to pay top-up/into a slushfund/for\use of big-pharma/who get a nice/PERSCRIBED/SUBSCRIBD/SUBSIDIZED/drug cash flow/sel/ing fake copies of the real[cheaper god/made drugs/they declared a drug war on[by big pharma writing it into a treaty.. http://etfdailynews.com/2014/06/24/u-s-neo-cons-seek-to-rewrite-iraq-history-again/ by rights govt miss/managment[read polutions[//make us sick/so govt should own/control the research/too.. http://rinf.com/alt-news/sicence-technology/gmo-crops-india-profit-driven-destruction-agriculture/ [and while big money loves a hair growing cure[that grows/hair/but funny stop taking the daily 'medication;..baldness returns. like cancer can be cured in many ways[but they dont get funding[why?] because big pharma mAKES a motza from sickness/managment[ie suppressing the symptom/not cureing the diease[think jobs jobs jobs[thats why cancer never really gets any cure/too much money in not fixing it ditto[they can kill teeth decay/bacteria/no more rotten teeth[just like we got ruid of other issues/but what/the dentists need jobs jobs jobs besides what eklse are they going to spend our compulory super on sure when govt paid pensions/they needed the income streams/but hey big money gives the orders here/bulls hit walks, Obamacare subsidies to reach $11 billion; healthcare system running entirely on unsustainable debt spending http://www.thedailysheeple.com/obamacare-subsidies-to-reach-11-billion-healthcare-system-running-entirely-on-unsustainable-debt-spending_062014 According to the Los Angeles Times, a recent analysis of cost data projections by the Department of Health and Human Services regarding government expenditures related to Obamacare found that initial costs for the program were billions of dollars higher than projected. this unprecedented level of money-printing is catapulting the U.S. debt to $28 trillion by 2018. But now, the U.S. government and the Fed are completely out of ammo. They desperately need money to maintain their own power, and taxes are no longer enough. http://www.wholesaledirectmetals.com/index.php/gold-blog/622-govt-seizes-control-of-all-your-financial-accounts So in order to keep the Ponzi scheme going, the U.S. government has made several highly controversial moves to be in position to seize control of all your financial accounts. And it’s becoming clearer by the day, if you want to protect your savings and wealth from government confiscation, you only have ONE choice...CASH-SHORTING http://investmentwatchblog.com/too-much-leverage-risk-and-speculations-dubai-market-now-down-25-on-margin-calls-are-we-setting-up-for-another-2008-type-financial-crisis/ Posted by one under god, Wednesday, 25 June 2014 2:13:44 PM
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What would ensue, do you think, if one of the minor parties, or a loose confederation of minor parties, proposed that no publicly owned asset could be sold, without an accompanying referendum?
And then suggested that that requirement, ought also to be applied retrospectively, so we the people, could more closely, examine the so called benefits of these arrangements? How many seats, would either of the major parties lose!? i.e., when we privatized Telsra, the money collected, could have entirely purchased Woodside! And with some change? Think, what is Woodside worth today, and what does it earn annually? And make a list, of all the former peoples' assets, sold of at bargain basement prices, without our expressed consent, [pre election flagging,] to balance a budget, and or fund recurrent spending!? Could those exchanges be reversed and what have these entities earned since, or today? And the original purchase prices, refunded, if the then since "stolen" monies could also be refunded, or returned as an additional tax burden/HECS scheme on current beneficiaries? Well, what happens in other places when stolen property is recovered, from those who have made windfall profits, as patent receivers of stolen property? Not only are their profits forfeited to the crown, but all and any assets as well! And the expression of "stolen" is appropriate or applicable, to our property, that's resumed and sold without our, the owners' explicit consent!? Most of these allegedly legal privatizations were rendered necessary, due to reduction in revenue; due in turn, only to tax breaks, and usually for the better off, rather than those, thrust into higher and higher rates, due exclusively to bracket creep!? A series of wrongs, further compounded by many other wrongs!? Rhrosty. Posted by Rhrosty, Wednesday, 25 June 2014 2:59:52 PM
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Australian experience has been that privatisation has consistently failed to deliver efficiency
John Bennetts, Australian being the operative word in privatisation here. In other countries with different mentality people it is successful & consumers get a good deal. Posted by individual, Wednesday, 25 June 2014 4:23:06 PM
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Individual, some published examples please, that actually give a modicum of actual evidence, to your ebullient exaggerated claims!
Rhrosty. Posted by Rhrosty, Wednesday, 25 June 2014 5:38:42 PM
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horatio/quote..<<..loose confederation/of
minor parties,..proposed\that no publicly owned asset/could be sold,>> the point really is/where*\do/claim to/they\have permission..to sell? and worse to..sell/crown-assets/for unlawful tender. cure..<<>.applied retrospectively,>> most surely/we are talking..FFICIAL/.. Oabout mal-feasance.up\to/treason And that obtained..by fraud/or BY/unfair/unlawful,MEANS,..never gains clear tile, we the people,..should more closely,/examine the so called =..claimed/benefits..of these arrangements..from them and their estates=^+* <<..How many seats,>>if/the major parties get 51%.. this they will do..so we need\over half/the seats Think,what is commonwealth/bank=is worth today,[who nows] it was sold for 10 billion..and/today..pays 10 billion..in dividends/annually? govt gave the gold silver from treasury/into the royal mint then bankers leased the gold[at 44 dolars 44 CENT YANKI/THEN SOLD THE RENTAL YOU EVER SOLD YOUR RENTAL HOUSE? <<>.And make a list, of all the former peoples' assets, sold of at bargain basement prices, without our expressed consent,>> sand set the thieves in jail treason has no statute limits[plus sack the judcery] <<..to balance a budget,>> a tiny transaction tax on very/transaction in/and\out and or fund recurrent spending!? <<..Could those exchanges be reversed..>> forget reversal/its proceeds of crime <<..and what have these entities earned since,>> get them back/the smallest 50%/users get it all free/the biggest pay/half\price..maybe indexation/no access user fees and other world bank fund raisers <<>.what happens in other places when stolen property is recovered, from those who have made windfall profits, as patent receivers of stolen property?>> PUBLIC AUCTION..EVERYTHING [ALL CORPORATIONS ASSETS MUST BE AUCTIONED OFF OVER A PERIOD OF DECADES/BY SIZE AGE/AND INFLUENCE/WE BEGIN WITH THE BIGGEST TOO BIG TO FAIL? our infrastructure/money systems/banking fed mint etc phones water power/roads rail ports/all title installed with govt trustees/till we sort out whO GOT Defrauded[mainly it was our 'invested/funds/and compulsory\commerce/impositions..fees licences/permissions..[govt red tape/chARGES/etc <<>.Not only are their profits forfeited to the crown,but all and any assets as well!.. FOR SURE <<..And the expression of "stolen" is appropriate or applicable, to our property, that's resumed and sold without our, the owners' explicit consent!>> agreed <<..Most of]these allegedly legal privatizations\were rendered necessary,>> undeney-ably so trouble is govt is too affective..at stealing/from its people to feed..ITS FATCAT MATES..on the cash-cow/teats...[open/to those--in the know. Posted by one under god, Wednesday, 25 June 2014 6:15:28 PM
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Is my gut feeling correct that Labor governments historically build the national asset base (goods and services) and non-Labor governments squander national assets by privatisation? How many dollars’ worth of such assets did the Howard-Costello government flog off to private investors? I do believe Keating also sold large Australian assets to global investors who in response dubbed him the world’s greatest Treasurer. And now we’re facing further wealth attrition at the hands of Abbott’s Coalition of the Lying. Bye bye postal service for a start?
A key role in inserting democracy into representative government would be played by a curb on corporate ownership of political parties and their politicians, though a binding citizen-initiated referendum provision would expose all sales of Australian assets to private investors to the will of the people.