The Forum > General Discussion > Privatization
Privatization
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It's the theft of public assets by a group of individuals for the sake of short-term political gain and ideology.
Despite so-called enlightened private ownership and management, Telstra, the Commonwealth Bank and QANTAS have not exactly been success stories as far as the consumer goes. When it comes to services, Efficient is not the same as Effective.
The push for privatisation and other fads like Public-Private Partnerships were actually policies promoted and encouraged by International bodies like the WTO and weren't dreamed up independently by local politicians.