114
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 03 Dec 2023
114 points (100.0% liked)
Australia
3620 readers
114 users here now
A place to discuss Australia and important Australian issues.
Before you post:
If you're posting anything related to:
- The Environment, post it to Aussie Environment
- Politics, post it to Australian Politics
- World News/Events, post it to World News
- A question to Australians (from outside) post it to Ask an Australian
If you're posting Australian News (not opinion or discussion pieces) post it to Australian News
Rules
This community is run under the rules of aussie.zone. In addition to those rules:
- When posting news articles use the source headline and place your commentary in a separate comment
Banner Photo
Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition
Recommended and Related Communities
Be sure to check out and subscribe to our related communities on aussie.zone:
- Australian News
- World News (from an Australian Perspective)
- Australian Politics
- Aussie Environment
- Ask an Australian
- AusFinance
- Pictures
- AusLegal
- Aussie Frugal Living
- Cars (Australia)
- Coffee
- Chat
- Aussie Zone Meta
- bapcsalesaustralia
- Food Australia
- Aussie Memes
Plus other communities for sport and major cities.
https://aussie.zone/communities
Moderation
Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.
Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone
founded 1 year ago
MODERATORS
Most privatized assets are already very profitable - the rich wouldn't be trying to take it if it wasn't valuable. Balance sheet aside, public assets profit society as a whole.
I would say privatisation is the rich asking how fewer people could profit this.
This isn't about assets though - it's about government services. Things that aren't designed to be profitable, that naturally will cost money to operate while not generally making money. By privatising these, they are now entities that have to make a profit, and that generally happens by extracting taxpayer money, as well as cutting cost, by reducing staff, service levels, equipment et al. That doesn't make it more efficient - just more painful to use for clients. $9.5bn per year? Someone's laughing all the way to the bank.