Privatisation has failed

There’s a lot of soul searching today over whether selling-off Australia’s essential assets and services was a good idea.

The first salvo comes from Howard Government transport minister, John Sharp, who admits privatising the nation’s major airports was a mistake that is costing consumers dearly:

Mr Sharp regretted his failure to impose more stringent regulation on the crucial infrastructure when they left public hands in 1996 and said the process had failed to protect travellers from greed.

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