Re:How privatization increases inequality
by candiodari on Monday October 03, 2016 @10:32AM
(#12627664)
And government control is no guarantee of low prices. Real estate in China would be one example, or oil prices would be good examples.
Real privatisation (meaning not a granted monopoly) is as close as we seem to be able to get to good prices, choice, and some incentive for these businesses to do well.
How that can be implemented in practice is often a tough question, mostly in the industries most complained about : phone, cell, internet. All of which has government or private monopolies in the chain, and in virtually every case those are the source of the complaints. But no worries: in Australia the NBN (the new government monopoly) is/was going to fix everything ! Of course, now the government is fucking with it and serious cracks are showing : it seems to create an unfair advantage for the incumbent telecom operator, who doesn't seem to be paying the same prices as everybody else ... (and of course it's the fault of party X, never mind that now both parties have messed with it)
Real privatisation (meaning not a granted monopoly) is as close as we seem to be able to get to good prices, choice, and some incentive for these businesses to do well.
How that can be implemented in practice is often a tough question, mostly in the industries most complained about : phone, cell, internet. All of which has government or private monopolies in the chain, and in virtually every case those are the source of the complaints. But no worries: in Australia the NBN (the new government monopoly) is/was going to fix everything ! Of course, now the government is fucking with it and serious cracks are showing : it seems to create an unfair advantage for the incumbent telecom operator, who doesn't seem to be paying the same prices as everybody else ... (and of course it's the fault of party X, never mind that now both parties have messed with it)