The great privatisation con

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By Leith van Onselen

Fairfax’s Ross Gittins yesterday penned an excellent article lamenting the neoliberal obsession with privatisation, which is unambiguously making Australians worse-off:

Many people feared that if private businesses were allowed to buy government businesses, the first thing they’d do would be to jack up their prices. Politicians and supposed experts told them not to worry. Sorry, experts wrong, doubting punters right.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.