Your full of it Wolly. Tell us what privatisations you are thinking of that have resulted in higher than normal prices.

The privatisation of our Govt Banks was an absolute disaster.

Banks create money from nothing to equal growth + inflation as debt. The real rate of inflation created by our banks in the West is more than double the stated figures.

The banking system is stealing from us on 3 levels. First with the depreciation of our currency, then we have to repay principal + interest on what should be ours. Private banks should not be allowed to create money from nothing to equal growth and inflation.

As James Rickards said in the 1950's $1 of debt created $ 2.40 of growth. By 1980 $1 of debt created 40 cents of growth. Today $1 0f debt creates 3 cents of growth and soon that growth will be negative.

What gives these private institutions the right to counterfeit our currencies ? Our Govts should be creating all this new money and we could have infrastructure and services debt free. Govts can be made more accountable if we had a proper constitution of rights and responsibilities.

We are at a stage now whereby exponentially more debt must be created to pay for the debt of present and past. Aust total debt is $5 trillion or 3.3 times our GDP. So the workers of this country will have to produce each,over $400,000 of extra production to pay this this debt off.

Right now the West our Govts are owned by the banking system because this system creates from nothing nearly all the new money for them to function. Corporatism and Govt are now one in the same.

So Graham,how is selling off more public assets to pay for their contrived growing debt,going to fix this problem ? We will become total serfs while the 0.01% will own even more.

<Your full of it Wolly. Tell us what privatisations you are thinking of that have resulted in
<higher than normal prices.
Posted by GrahamY, Saturday, 1 November 2014 10:40:25 PM

Insult?

I said, that selling the silver ware to overseas companies, that then use Australian tax law to avoid paying taxes. Is like shooting the public in the foot.

The Privatisation of the electricity network in Victoria, the poles and wires, resulted in a decrease in routine maintenance that help to contribute to the bush fires in victoria.

There is delusional thinking on the part of economists, that our politicians sprout, is that competition leads to lower prices, improved services ect.

The number one beneficiary of privatisations, is the CEO and boards, followed by the share holder,(but the shareholder is often kept in the dark)

SBS ran a program about the privatisation of water, prices increased and many very poor people were unable to pay their bills.

In Australia, State owned monopolies are only following the trend of Victoria's privatised power network and price gouging the public.

As too, the Public Hospital system, the New Premier of NSW mentioned that he wanted to privatise the public hospitals. There have already been disastrous experiments in the past where public hospital costs have blown out, once private operators have had their grubby little hands on them.

We only need to look at the skyrocketing costs of parking at Sydney and Melbournes airports. I know in Melbourne that there has been a gradual reduction in areas around the airport that people could park for free.

It is almost impossible to drop someone off on the concourse at Melbourne airport, and if by chance you do it in an undesignated area, you get fined.

I firmly believe that essential services should remain in government control, sure the government does not always act in the best interest of the public.

Personally I think anyone who advocates for the privatisation of public assets, is either delusional or stands to make a lot of money.

The failure of Privatisation.

http://www.commondreams.org/views/2013/08/05/8-ways-privatization-has-failed-america

Privatisation, the good, bad and ugly.

http://www.theguardian.com/politics/2013/apr/12/privatisation-good-bad-ugly

Electricity Privatisation failure.

http://www.abc.net.au/news/2014-02-20/report-finds-electricity-privatisation-a-dismal-failure/5271492

In the late 1990's the government owned nursing homes in the ACT were privatised.

Today complaints are being kept secret.
http://www.smh.com.au/national/aged-care-complaints-kept-secret-20140927-10myjn.html

http://www.canberratimes.com.au/act-news/one-in-five-nursing-home-residents-malnourished-study-finds-20130522-2k1oe.html

It is extremely clear that in privatised nursing homes, the elderly are being neglected as private operators try maximise their profits.

That is not to say that neglect can not or does not happen in Publicly run nursing homes, it does.

http://www.theguardian.com/business/grogonomics/2014/jan/10/privatisation-benefits-are-not-assured-and-public-are-sceptical-history-shows

http://www.waterjustice.org/uploads/attachments/whywaterprivatisationfails_PDF.pdf

Some advocates of privatisation, say that government regulation can be used to stop exploitation, however politicians are 'open' to influence and he who has the deepest pockets often wins.

From my point of view regarding essential protein required daily to properly nourish people worldwide, and from discussion here on OLO, I can see that concern should not be just about privatization of government assets.

Privately owned established industry and precious fertile land is also apparently being sold.
The milk industry is about to be taken up by food industry multinationals and I hear they are also presently after the best dairy producing land in the SW Victoria region, to vastly expand milk production for export.

Massive economic opportunity for Australia is being lost while politicians argue about boat people, detention, corruption.

Food forms the biggest economy in the world. Absolutely the biggest.
The economy of New Zealand is now virtually booming due to export of milk product alone.
Australia should be making a fortune from milk and beef exports instead of increasing fuel excise and possibly GST and other taxes.

Investment dollars coming into Australia may well help balance the books but in terms of producing wealth for Australian people, I think buying the farm is actually buying the livelihood of our future.
Australian people are being changed from being dairy farmers and milk producers to just being dairy hands.

Politicians should be seeing the increased worldwide demand for protein now that whole world ocean seafood protein supply is not presently sustainable.

Media should be informing dairy farmers of the virtual world protein supply drought, so farmers and industry can see the real value of land and industry they are about to walk out of.
The walk out is due to lack of present viability in dairy land and milk industry in Australia.
The supermarket milk war may not just be about super market competition.

Recent government reply to my insight and concern in these matters, is that foreign investment in Australia has always been welcome and is therefore still welcome.

Perhaps the question should be, why won't the political parties support Australian industry and the Australian people?

@ Graham Young
Posted Saturday, 1 November 2014 10:40:25 PM
Water. All across the US and elsewhere in the world privatisation has led to abuse. We can argue about most commodities, from electricity to parking spaces and hospitals to schools, but water is unique as it is the ONLY commodity without which we cannot live.
Public ownership, public care, subsidised where need be - hands off, or what's a government for?
A similar argument could be made for primary health and primary education, but, sadly, if the horse hasn't bolted, the barn door is open.