this post was submitted on 03 Dec 2023
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Literally no government service has ever run better once privatised. It's always ended up more expensive and less effective. I have no idea why the idea that privatising services is a solution to anything except unsatisfied greed.
Prove me wrong with just one example.
Commonwealth Bank isn't really any different. Not better, not worse.
There was a good period there where Qantas was consistently getting better and cheaper than it was under public ownership. It's gone downhill in the last decade, though.
Privatising the Post Offices has led to wildly variable experiences, some post offices are far worse, but if you have a good franchisee, some of them are much better.
I'm still dirty about privatising Medibank, and it cost the Libs 15 years in opposition. But today's Medibank competes well in the private health sector.
Telstra .... nah, just kidding. But it is getting better than it has been.
Maybe that's the secret - it takes 20+ years for something privatised to get better? These examples have all been private since last century.
Really...?
Take their current profits and imagine they were going to government income instead.
Doesn't matter if it works better or worse (who gets to determine this and by what measure?), it's a matter of who benefits from ownership.