Episode 19 of my – Podcast – Letter from The Cape – is now available. Coming today from The Cape, Victoria, Australia.
In this episode, I discuss the mess that privatisation and public-private partnerships have created. I note that these arrangements were all justified by the claim that the governments had run out of money and needed private funds to maintain essential public services and public infrastructure. It was a lie. The upshot has been the consumer is forced to pay higher prices for inferior and less reliable services while the private investors make of with millions in supernormal profits. All of which was totally unnecessary.
Duration: 7:30
