Discussing government run enterprises, freediver wrote:
freediver wrote on Feb 18
th, 2010 at 7:43pm:
On what basis are you judging their performance? I guarantee you that if you compare them to competitive private enterprises they would come up second best every time.
Here are a few bases for comparison that spring to mind:
Proportion of profits distributed amongst all taxpayers.Government enterprise - plenty.
Private enterprise - nil.
Major infrastructure projects built. Government enterprise - road networks, railways, nationwide telephone network, airports, Snowy Mountains hydroelectric scheme, water supplies, sewerage, Sydney Opera House, libraries, hospitals, etc. etc.
Private enterprise - shopping centres, hospitals, junk food chains
Loan interest rates quoted for financing Australia's First World War effort.Government bank - 0.5%
Private banks - 6%