Privatisation has failed. We need a moratorium on all new proposals

October 23, 2017

“In Traralgon, a local woman explains the promises made to the community when Victoria’s electricity system was privatised. Her husband and hundreds of others were encouraged to take the redundancy package with the promise they’d be hired back as contractors. It never happened and an entire generation never got jobs again.

This woman isn’t the only person starting to question the legitimacy of privatisation. For a generation, it has been one of the defining ideas of the Australian economy. Governments of both sides have shown an almost unquestioning commitment to its value as a policy tool. But now proponents are suggesting a need to rethink its role.”

David Hetherington in The Guardian