ell that to kennett.
It’s surprising that Victoria has any public assets left to sell after Liberal premier Jeff Kennett’s notorious binge in the 1990s. The Kennett Coalition government privatised public transport, electricity, gas, water distribution and more. Essential human services were sold to the highest bidder and are now run in the interests of shareholders, rather than the public."
.power should be publicly owned"
Tell that to kennett.
Privatisation of public assets has been disastrous. For example, research by the Australia Institute showed that the cost of electricity increased nearly three times the overall increase in prices in Australia in the 10 years to 2016.
This increase was partly a result of a loophole in the regulatory system allowing electricity companies to over-invest in infrastructure – “gold-plating” – and pass the cost on to consumers.
On top of this, there has been a grotesque ballooning in the number of managers within electricity providers – a more than 200 percent increase in the same 10-year period.
Then there’s the 400 percent increase in the number of advertising and marketing employees, which rams home the gross inefficiency of selling public assets to the private sector. How ridiculous that we are paying for the advertising budget of an essential service.
Bringing privatised assets into public ownership would cut out all the profit-taking corporations and reduce prices. The case for placing such utilities into public hands could not be clearer.Nice to know the spivlibbers, are the new socialists ,isn't it?
Raider
