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Tag Archives: privatisation
JOHN QUIGGIN. People have lost faith in privatisation and it’s easy to see why. (Repost from 22 August 2016)
From the viewpoint of ordinary Australians, privatisation is a policy that has consistently failed but is remorselessly pushed by the political elite. It is little surprise that voters are turning to populism in response.
JOHN MENADUE: Privatisation is costing consumers and damaging economic reform. (Repost from 26 July 2016)
‘Privatisation is costing consumers and damaging economic reform’ said Rod Sims, the Chairman of the Australian Competition and Consumer Commission, recently. He added ‘Poorly regulated privatisations are driving up prices and have little to do with economic reform … this … Continue reading
Ideologues ,the self interested bankers and accountants and lawyers still persist with their fixation with privatisation despite the fact that it is failing in one area after another and the electorate shows very clearly that it does not want it. … Continue reading
It is increasingly evident how pernicious the privatisation myth is. Two recent examples have underlined it: the failings in Australia’s privatised energy grid and the usurious pricing in airport car parks. Both examples demonstrated that it is folly to expect … Continue reading
“Why do we experience such difficulty even imagining a different sort of society? Why is it beyond us to conceive of a different set of arrangements to our common advantage? Are we doomed indefinitely to lurch between a dysfunctional ‘free … Continue reading
IAN McAULEY. The National Electricity Market: What happens when economists get involved with electricity
John Menadue has asked me to write about the National Electricity Market – the NEM. I should be qualified to do that: my first degree and my first years of professional work were in electrical engineering and in my later … Continue reading
The WA Government’s proposal to privatise Western Power – the government-owned electricity utility – was one of the factors contributing to the extraordinary anti-Liberal swing in Saturday’s Western Australia election. Privatisation of electricity has also been an issue in the … Continue reading
Confounding the familiar government narrative of reckless spending binges by Labor, the Coalition actually has the record of greater profligacy when it comes to showering billions of dollars of taxpayers’ money on external consultants.
Commentators on Premier Baird’s years focussed on short term matters such as money from privatisations or inconvenience caused by infrastructure building. The most important question, the merit of infrastructure built with sale proceeds, may take years to answer. NSW will … Continue reading
The new airport at Badgerys Creek will test national competition and state transport infrastructure policies and may reveal the latter to be gravely flawed. The usual Commonwealth-state funding fight spectacle should be treated as a trivial pantomime and not distract … Continue reading
Commonwealth action is necessary to undo potential penalties on Newcastle Port. While the infrastructure conversation focusses on major projects like electricity grids it can ignore more significant matters. One such matter in NSW that deserves immediate attention is port privatisations. … Continue reading
Voters are making it plain that they are not keen on privatisation. Economic research also tells us that the evidence in favour of privatisation is not conclusive. Conservatives claim that privately owned businesses are better managed than public ones, but … Continue reading