The Forum > General Discussion > One Simple Question Mr Iemma
One Simple Question Mr Iemma
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I think it's too late for Electricity and now Private Water will have a foot-hold due to the desalination plant. It's just an easy step from here to ramp-up the public/private ratio until the whole thing is gone.
This is the result of many idealogies - particularly coming from the World Bank at the top and right down the food chain to greedy investors who are scared they'll miss out on a piece of the action.
The local pressure is the result of all politicians being terrified of deficits and failing to maintain public utilities adequately by cutting costs in vital areas.
Big projects, like power generation, is what overseas borrowings were for.
What was our last large-scale national infrastructure project? A railway line to Darwin?
We will never see another Snowy Mountains scheme or even an Opera House. This will be as good as it gets - unless someone can make a dollar out of it in the short term, why build for the next generation?
Voters should have made their voices heard decades ago - from Keating and especially through Howard - but now it's too late. There were some people warning us about "the thin edge of the wedge" but these were dismissed as troublemakers. Many of the blatant politicial lies (Alston on Telstra for example) were left unchallenged by the media so they got away with it.
Now the money we've saved on Government interest repayment debt is being outstripped by dividend payments to overseas investors as even more wealth pours out of the country.
Somebody is laughing all the way to the Bank, but it's not the public.
It certainly won't be our children.