The failure of privatisation

November 24, 2025

https://johnmenadue.com/letters_to_editor/2025/11/the-political-class-cant-be-trusted-to-implement-democratic-policy-agendas/

Scratch the surface only a little and you will find that all the social issues we are now facing can be traced back to the privatisation of public services and public utilities – a process that has never delivered on the promised results.

Privatisation became politically fashionable because of at every election we have the catch cry of “if you elect them they will put up taxes / no we wont" resulting in insufficient revenue without selling off assets which eventually end up with a government bail-out because the assets have been bled dry and cant afford to fail.

We have been fooled into believing in market forces which may work at the tradie, shop keeper end of town, but at the sharemarket end of town it only serves to make a very limited group of billionaires who can afford to buy government.