RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Privatization (pseudo) has damaged the economy, says OZschwitz Watchdog chief Tue Jul 26, 2016 9:28 pm | |
| 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.
In a blistering attack on decades of common government practice, Australian Competition and Consumer Commission chairman Rod Sims said the sale of ports and electricity infrastructure and the opening of vocational education to private companies had caused him and the public to lose faith in privatisation and deregulation.
http://www.smh.com.au/business/privatisation-has-damaged-the-economy-says-accc-chief-20160726-gqe2c2.html |
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