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this post was submitted on 03 Dec 2023
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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.
@Nath @trk
The privatised Commonwealth Employment Service will never get better. The services offered by the private sector for job placement are utterly dismal. Personal experience via my then 55 yo partner being laid off from the mines up in Muswellbrook.
Every job he got after that, casual or permanent, were positions that I hunted down. They interviewed him once, right at the start, and not a single offer came his way from them in the ensuing 4 years that he worked or looked for work.
#BringBackTheCES
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.
So basically I'm still right.
You need to factor in what privatising these things paid for as well. I don't remember about any of my examples, but the WA government privatising elements of the land register and ports in the last few years has allowed it to fund Metronet.
Metronet is a long term major project that will help the population for decades.