Privatisation has hurt the economy

privatisation of the economy

Selling public assets has created unregulated monopolies that hurt productivity and damage the economy, according to Australia's consumer and competition tsar, who says he is on the verge of becoming a privatisation opponent.

Read more at The Age

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History[edit]
beyondblue began in October 2000 as a five-year initiative of the Australian federal and state and territory governments after a period of public debate on the treatment of depression sufferers. The aim was to close down all public institutions that catered to mentally ill or socially unstable in order to save cost.

wiki

Kennett was appointed to Beyondblue but I have never heard he had anything to do with its creation. I found it ironic that he was made chairman of a mental health org when it was his policies which had people witj mental health problems discharged into living away from sold off institutions. About nine were shot by police because the promised back up support for those people was inadequate by the Kennett govt.

Another example of grabbing the sale money and not carrying through on the promises made to sell the idea to the public.


Speaking at the event, the Hon. Jeff Kennett AC – founder and chairman of beyondblue – put Australia’s mental health state into context.

“Imagine the MCG on Grand Final Day, packed with 100,000 people,” he said.

“This will help you put the following into context: 70,000 people attempt to take their lives each year – and 10% of those will keep trying until they die by suicide.”

http://www.hcamag.com/hr-news/understanding-key-to-mental-health-management-beyondblue-founder-208911.aspx

Can you name ONE business, enterprise, or corporation which has taken over a government operated venture and continued to run it in an efficient and effective manner without increasing it's costs to users beyond CPI levels? No, and neither can I.

Yes, if only the corner shop could have been in government hands. Things would have been so much better.

Frank

You seem confused between what a state utility means and a corner shop means. One services the entire state while the other serves a small area of a suburb.

Frank - your comment makes no sense at all. 

Much more:  public assets are owned by US and the dividends come back to us with power charges. When you sell an asset the dividend then goes to a business and the charges start to rise.  This only benefits governments which have more monopoly money to waste on their irresponsible spending sprees.  Whilst we all get things like new roads the costs of these are better borne via the tax system.

I looked up a few articles on Beyondblue as a result of a few posts. It seems it does very little in practical terms other than make public mental health matters.

" We'll be there to listen, provide information and advice, and point you in the right direction so you can seek further support for the cost of a local call (could be more from mobiles). "

https://www.beyondblue.org.au/get-support/get-immediate-support

May as well ring lifeline or just ask your local GP.

No surprise there. Jeff Kennett's career pre-politics was in advertising, an industry that does nothing in practical terms.

Medibank was privatised by the Federal Government in November 2014.

In June, the insurer was accused of misleading policyholders by failing to notify them of reduced coverage for common hospital tests such as X-rays and CT scans - as part of its attempt to boost profits ahead of the $5.7 billion public float.

http://www.theage.com.au/business/consumer-affairs/complaints-about-health-insurance-hit-record-high-largely-thanks-to-medibank-20160804-gqkqe2.html

Record complaints and some policies useless to the customer.

It is interesting in view that some of its competitors like Bupa, HCF and NIB have each managed to slash the number of complaints made against them to the ombudsman.

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