I guess its hindsight on the NBN to an extent, but there is lots of history of these kind of projects becoming black holes. I wonder what results the taxpayer would have got had the Gov just offered the NBN to a private company (Telstra most likely), but with the prices they can charge and returns on capital regulated etc in exchange. Then its a private company administration running th build, not a gov corporation. Oh well, what"s another few dozen billion pissed up against the wall? The SEC resurrection? Who knows, but if history is a good indicator it will be mediocre in its execution at best.
