Quote:
Originally Posted by Allan_L
The greatest CON of all time was perpetrated on the people of NSW when the State Government proposed to sell an efficient, power network with the promise of "It will increase competition and force electricity prices down".
The state government owned the entire setup. Coal mines, generators, distributors, and the grid.
Apart from providing very low cost power to the people, it also managed to return quite substantial "dividends" to the government (hundreds of millions each year).
How did we ever let them get away with it?
And now there is no one left to be accountable for the deception.  |
I had that exact conversation a few years ago with someone involved in pushing for the sell off. His justification was that health care costs were increasing faster than the budget's ability to pay for it. Privatisation would pay for a decade of it.
I asked him "what will you do in ten years time when the money is gone, and you no longer have the revenue stream because you sold it?"
He had no answer, nor did he seem to understand the problem.
Signing a dodgy contract to screw over the next government and then blame them for losing the money seems very trendy these days.