Australian Politics Forum - Privatisation has damaged economy: ACCC chief

Bam

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Re: Privatisation has damaged economy: ACCC chief
Reply #15 - Jul 27^th, 2016 at 5:47pm

longweekend58 wrote on Jul 27^th, 2016 at 3:30pm:

If you bother to actually read ALL of his comments, he is still a PROPONENT of privatisation, but has instead pointed out some fo the failures eg Vocational education.

Some of the failures? He's hardly said a single thing positive about it.
Quote:

"When you meet people in the street and they say 'I don't want privatisation because it boosts prices' and you dismiss them ... recent examples suggest they're right," he told the room of influential economic and policy experts.

"The excessive spend on electric poles and wires has damaged our productivity. The higher energy price we're getting from some poor gas and electricity policies are damaging some of our productive sectors."

Mr Sims said he was growing "exasperated" as governments including the Commonwealth became more explicit in trying to maximise proceeds from asset sales.

"I think a sharp uppercut is necessary and that's why I'm saying: stop the privatisation," he said.

Why would he be saying "stop the privatisation" if he was still a proponent?

If the private sector was conducting share floats the way certain assets have been privatised, they would be up before the judge. Some privatisation efforts are little more than pump and dump scams.

Quote:

However, his comments about electricty privatisation were dead wrong. Most govt electricity assets were in bad state of maintenance and govt was unwilling to spend what was needed for the future. Also, the reliability of the network soared AFTER privatisation.

Citation needed. Where are you getting your facts? Are you making them up again or do you have links this time?

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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Grappler Truth Teller

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Re: Privatisation has damaged economy: ACCC chief
Reply #16 - Jul 27^th, 2016 at 6:48pm

Guy's being paid a motza to say what some of us have been saying for years?

Oh, well.. there'll be no solid conclusion here until some Learned Professor comes in with an 'expert' opinion, to explain to us that the alleged efficiency of private enterprise in reality was just the mechanic altering my power generator so that it ran at three times the rate of fuel consumption and required three times the level of maintenance....

I was happy to pay him a substantial fee for that outstanding work....

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Lobo

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Re: Privatisation has damaged economy: ACCC chief
Reply #17 - Jul 27^th, 2016 at 6:48pm

longweekend58 wrote on Jul 27^th, 2016 at 3:36pm:

Bam wrote on Jul 27^th, 2016 at 12:14pm:

Anything that is a monopoly should not be privatised because there is no competition to constrain prices. Any tangible infrastructure like roads, railways, power grids, communications networks or water distribution networks cannot be privatised effectively because it is impractical to create duplicate, competing networks. The only way these monopolies can be privatised without excessive price rises is if they were privatised strictly not-for-profit, but there would be few buyers.

This is why privatisation isn't popular. We can vote out governments that hike prices of government services too much, but voting out the boards of privatised monopolies can only be done by shareholders, not by the customers. So up the prices go.

The rejection of privatisation is just one aspect of the rejection of neoliberalism that is taking place all over the world. It explains Brexit, the popularity of Trump and Sanders in the US Presidential race and why One Nation got a substantial share of the vote at the recent election. Neoliberalism has made many promises that are not being met, and the world is waking up to it.

rejection by boofheads like you maybe, but globally, privatisation continues. Your objection is ideological by virtue of the mental disability you have called 'being a leftie'

You are a fool, longy....
Shut up!!!

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"What's in store for me in the direction I don't take?"-Jack Kerouac.

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Lobo

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Re: Privatisation has damaged economy: ACCC chief
Reply #18 - Jul 27^th, 2016 at 6:51pm

Bam wrote on Jul 27^th, 2016 at 5:47pm:

longweekend58 wrote on Jul 27^th, 2016 at 3:30pm:

If you bother to actually read ALL of his comments, he is still a PROPONENT of privatisation, but has instead pointed out some fo the failures eg Vocational education.

Some of the failures? He's hardly said a single thing positive about it.
Quote:

"When you meet people in the street and they say 'I don't want privatisation because it boosts prices' and you dismiss them ... recent examples suggest they're right," he told the room of influential economic and policy experts.

"The excessive spend on electric poles and wires has damaged our productivity. The higher energy price we're getting from some poor gas and electricity policies are damaging some of our productive sectors."

Mr Sims said he was growing "exasperated" as governments including the Commonwealth became more explicit in trying to maximise proceeds from asset sales.

"I think a sharp uppercut is necessary and that's why I'm saying: stop the privatisation," he said.

Why would he be saying "stop the privatisation" if he was still a proponent?

If the private sector was conducting share floats the way certain assets have been privatised, they would be up before the judge. Some privatisation efforts are little more than pump and dump scams.

Quote:

However, his comments about electricty privatisation were dead wrong. Most govt electricity assets were in bad state of maintenance and govt was unwilling to spend what was needed for the future. Also, the reliability of the network soared AFTER privatisation.

Citation needed.* Where are you getting your facts?** Are you making them up again*** or do you have links this time?****

*Don't hold your breath.
**Out of his arse.
***Yes
****Bwhahahaha.......

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"What's in store for me in the direction I don't take?"-Jack Kerouac.

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Dnarever Gold Member Offline Australian Politics Posts: 59832 Here Gender:	Re: Privatisation has damaged economy: ACCC chief Reply #19 - Jul 27^th, 2016 at 10:23pm Privatisation is a very business supported process and should produce efficiencies in theory. However the fact is that every know privatisation in Australia has resulted in increased costs and productivity losses.
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Sir lastnail

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Re: Privatisation has damaged economy: ACCC chief
Reply #20 - Jul 27^th, 2016 at 10:33pm

longweekend58 wrote on Jul 27^th, 2016 at 3:30pm:

If you bother to actually read ALL of his comments, he is still a PROPONENT of privatisation, but has instead pointed out some fo the failures eg Vocational education. However, his comments about electricty privatisation were dead wrong. Most govt electricity assets were in bad state of maintenance and govt was unwilling to spend what was needed for the future. Also, the reliability of the network soared AFTER privatisation.

Like most things, privatization is neither intrinsically right nor wrong. it is HOW i is done, not the notion itself. As for the idiots who think all industry should be run by the government, I am glad you dont get to choose.

What a load of rubbish. I never experienced an unreliable network under the SEC. Under the private scammers I've seen a 22kV line literally fall off a power pole which could have easily killed someone simply because there is no preventative maintenance. It's a case of wait till it fails or kills someone before they do anything. Also they are stingy with their street lighting now.

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Bam

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Re: Privatisation has damaged economy: ACCC chief
Reply #21 - Jul 27^th, 2016 at 10:39pm

Sir lastnail wrote on Jul 27^th, 2016 at 10:33pm:

longweekend58 wrote on Jul 27^th, 2016 at 3:30pm:

If you bother to actually read ALL of his comments, he is still a PROPONENT of privatisation, but has instead pointed out some fo the failures eg Vocational education. However, his comments about electricty privatisation were dead wrong. Most govt electricity assets were in bad state of maintenance and govt was unwilling to spend what was needed for the future. Also, the reliability of the network soared AFTER privatisation.

Like most things, privatization is neither intrinsically right nor wrong. it is HOW i is done, not the notion itself. As for the idiots who think all industry should be run by the government, I am glad you dont get to choose.

What a load of rubbish. I never experienced an unreliable network under the SEC. Under the private scammers I've seen a 22kV line literally fall off a power pole which could have easily killed someone simply because there is no preventative maintenance. It's a case of wait till it fails or kills someone before they do anything. Also they are stingy with their street lighting now.

How many lives were lost in Victoria in 2009 as a consequence of insufficient maintenance of power lines? 119 at least.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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longweekend58

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Re: Privatisation has damaged economy: ACCC chief
Reply #22 - Jul 28^th, 2016 at 10:26am

Bam wrote on Jul 27^th, 2016 at 5:47pm:

longweekend58 wrote on Jul 27^th, 2016 at 3:30pm:

If you bother to actually read ALL of his comments, he is still a PROPONENT of privatisation, but has instead pointed out some fo the failures eg Vocational education.

Some of the failures? He's hardly said a single thing positive about it.
Quote:

"When you meet people in the street and they say 'I don't want privatisation because it boosts prices' and you dismiss them ... recent examples suggest they're right," he told the room of influential economic and policy experts.

"The excessive spend on electric poles and wires has damaged our productivity. The higher energy price we're getting from some poor gas and electricity policies are damaging some of our productive sectors."

Mr Sims said he was growing "exasperated" as governments including the Commonwealth became more explicit in trying to maximise proceeds from asset sales.

"I think a sharp uppercut is necessary and that's why I'm saying: stop the privatisation," he said.

Why would he be saying "stop the privatisation" if he was still a proponent?

If the private sector was conducting share floats the way certain assets have been privatised, they would be up before the judge. Some privatisation efforts are little more than pump and dump scams.

Quote:

However, his comments about electricty privatisation were dead wrong. Most govt electricity assets were in bad state of maintenance and govt was unwilling to spend what was needed for the future. Also, the reliability of the network soared AFTER privatisation.

Citation needed. Where are you getting your facts? Are you making them up again or do you have links this time?

I worked for ETSA and was at one point helping schedule substation maintenance which was as much as TEN YEARS behind. basically, they had given up maintaining all but the milliondollar plus transformers and simply fixed or replaced them when they failed. As a result, blackouts were regular and now... they are almost nonexistent other than cars hitting poles etc.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Grappler Truth Teller

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Re: Privatisation has damaged economy: ACCC chief
Reply #23 - Jul 28^th, 2016 at 11:04am

Bam wrote on Jul 27^th, 2016 at 10:39pm:

Sir lastnail wrote on Jul 27^th, 2016 at 10:33pm:

longweekend58 wrote on Jul 27^th, 2016 at 3:30pm:

If you bother to actually read ALL of his comments, he is still a PROPONENT of privatisation, but has instead pointed out some fo the failures eg Vocational education. However, his comments about electricty privatisation were dead wrong. Most govt electricity assets were in bad state of maintenance and govt was unwilling to spend what was needed for the future. Also, the reliability of the network soared AFTER privatisation.

Like most things, privatization is neither intrinsically right nor wrong. it is HOW i is done, not the notion itself. As for the idiots who think all industry should be run by the government, I am glad you dont get to choose.

What a load of rubbish. I never experienced an unreliable network under the SEC. Under the private scammers I've seen a 22kV line literally fall off a power pole which could have easily killed someone simply because there is no preventative maintenance. It's a case of wait till it fails or kills someone before they do anything. Also they are stingy with their street lighting now.

How many lives were lost in Victoria in 2009 as a consequence of insufficient maintenance of power lines? 119 at least.

Rogue poll involving two major incidents that stand alone... that's like saying the Teneriffe air crash was indicative of a total failure of air travel.

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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stunspore Gold Member Offline Australian Politics Posts: 5097 Gender:	Re: Privatisation has damaged economy: ACCC chief Reply #24 - Jul 28^th, 2016 at 11:59am Privatisation is profit for some.
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Swagman

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Re: Privatisation has damaged economy: ACCC chief
Reply #25 - Jul 28^th, 2016 at 1:57pm

Dnarever wrote on Jul 27^th, 2016 at 10:23pm:

Privatisation is a very business supported process and should produce efficiencies in theory. However the fact is that every know privatisation in Australia has resulted in increased costs and productivity losses.

You missed the source for that piece of B/S? Cheesy

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longweekend58

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Re: Privatisation has damaged economy: ACCC chief
Reply #26 - Jul 28^th, 2016 at 4:26pm

Sir lastnail wrote on Jul 27^th, 2016 at 10:33pm:

longweekend58 wrote on Jul 27^th, 2016 at 3:30pm:

If you bother to actually read ALL of his comments, he is still a PROPONENT of privatisation, but has instead pointed out some fo the failures eg Vocational education. However, his comments about electricty privatisation were dead wrong. Most govt electricity assets were in bad state of maintenance and govt was unwilling to spend what was needed for the future. Also, the reliability of the network soared AFTER privatisation.

Like most things, privatization is neither intrinsically right nor wrong. it is HOW i is done, not the notion itself. As for the idiots who think all industry should be run by the government, I am glad you dont get to choose.

What a load of rubbish. I never experienced an unreliable network under the SEC. Under the private scammers I've seen a 22kV line literally fall off a power pole which could have easily killed someone simply because there is no preventative maintenance. It's a case of wait till it fails or kills someone before they do anything. Also they are stingy with their street lighting now.

You have a long record of lying in your posts or exaggerating. This no exception.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Swagman

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Re: Privatisation has damaged economy: ACCC chief
Reply #27 - Jul 29^th, 2016 at 8:26am

stunspore wrote on Jul 28^th, 2016 at 11:59am:

Privatisation is profit for some.

Privatisation means the Government can do more for less.

Therefore Privatisation is a defacto tax cut

That's why lefties don't like Privatisation, as most lefties don't pay much tax, preferring to bludge off the minority that pays the majority of tax.

That's also why Lefties constantly whinge about mythical 'structural' deficits and tax cuts to 'the rich' because they deem that because they pay hardly any tax that they are somehow missing out on something..... Grin

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Belgarion

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Re: Privatisation has damaged economy: ACCC chief
Reply #28 - Jul 29^th, 2016 at 8:47am

We have all seen the deterioration of these services when profit rather than the interest of the people becomes the driving factor. No government has ever had a a mandate to sell the peoples property to a private entity. Services like power, water, public transport and hospitals are necessary for society to function and should be operated by the government for the benefit of all the people, not be used as a profit making resource for private individuals.

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Swagman

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Re: Privatisation has damaged economy: ACCC chief
Reply #29 - Jul 29^th, 2016 at 9:04am

Belgarion wrote on Jul 29^th, 2016 at 8:47am:

No government has ever had a a mandate to sell the peoples property to a private entity.

Every Govt has a mandate to do exactly that, otherwise they wouldn't be the Govt. Grin

Belgarion wrote on Jul 29^th, 2016 at 8:47am:

We have all seen the deterioration of these services when profit rather than the interest of the people becomes the driving factor.

The very fact that the vast proportion of the economy is private enterprise is testimony to the incorrectness of this statement. Roll Eyes

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