NSW Power privatisation defeated (3 Viewers)

[bigboyjames]

Baaaaaaaah Suck Shit Morris!

 

[Garygaz]

Thats hard to say. I mean, not only has Labor utterly defecated all over the once respectable state of NSW, but im afraid that it may take at least ten years to fix the problems that were incured by 15 or so years of Labor in power.

Thnx NSW for another term of Labor in power, maybe this time you'll vote with your heads and not with your arses. You deserve everything and more.

Im leaven this shit whole state. Suck my ballz...

I don't believe you're leaving NSW, enjoy it forever.

 

[Enteebee]

That doesn't really make sense. They are not going to spend so much on government advertising and pork barreling that they require selling of the state's power infrastructure to fund it. They are still going to spend about the same on trying to get re-elected and there are countless ways they can finance this.

Regarding point (a), what will they actually do differently that will result in better economic prospects for NSW?

I don't necessarily mean pork barrelling/things which really only serve to try and get re-elected. I mean things such as the M4 East extension and the western metro rail line. Labor won't be able to blame the libs if they can't fund them (since they really shot themselves in the foot) but if later the libs try their hand at privatising electricity or other things in order to get the funds for such projects and labor stands in their way they will be quite able to blame labor for their lack of funds.

 

[banco55]

Thats hard to say. I mean, not only has Labor utterly defecated all over the once respectable state of NSW, but im afraid that it may take at least ten years to fix the problems that were incured by 15 or so years of Labor in power.

Thnx NSW for another term of Labor in power, maybe this time you'll vote with your heads and not with your arses. You deserve everything and more.

Im leaven this shit whole state. Suck my ballz...

NSW has been badly governed since the '70's. Although I agree it will take a long time to fix the problems labor has created. The whole NSW public service is completely fucked and seems totally incapable of getting from A to B without huge cost overruns and missing deadlines by years. That will take a long time to fix. One big reason I'm for privatization of everything and anything is that the NSW pubic service is so incompetent I think even a badly run privatized body would be better.

 

[melanieeeee.]

yay for privatisation.

 

[spiny norman]

This forum's disproportionate support for economic rationalist principles (or however you want to term it) has never been more obvious than in this thread.

Shouldn't the overwhelming majority be opposing privatisation? It seems to be the general concensus in the population - I find that things seem so skewed to the opposite here rather bizarre (not exactly new, but I can't ever recall it to this degree).

 

[TacoTerrorist]

^ Privatisation fucking sucks.

 

[spiny norman]

^ Privatisation fucking sucks.

Cheers.

 

[Rafy]

Following an emergency cabinet meeting last night, Mr Iemma announced a revised plan in which the three state-owned electricity retail companies would be sold, but the existing generators would remain in public ownership. The development sites for new generators will also be sold in the hope the private sector will not be deterred by having to compete with a public-owned utility.

The proposal is likely to arouse further anger among unions and opponents of the sale, but will not require legislative approval.

Government will also prepare a mini-budget. There is now a $7bn hole in the budget not including the $15bn of power upgrades which will now have to be paid for by the public rather than private sector. Metro line and the M4 East look like casualties.

Meanwhile Costa has said "I won't be standing at the next election"

 

[townie]

re: other posters comment

I don't support privatisation either, though in this case i have no problem with them selling off Energy Australia, i am oppossed to the sale/rent of the power generators (also i would have supported the sale of Telstra if it had not included the physical phone lines)

 

[sam04u]

everything becomes more efficient once it's privatised

That is the most ridiculous thing I've ever heard.

Do you know what the potential effect is of privatising our energy? If you think it will result in more efficiency or anything of the sort you're deranged. What it will do is give a private business power over our energy, with a monopoly and thus with the power to do whatever it deems neccessary to turn a profit at the expense of the people of NSW. Usually that means jacking up the prices. Since there is no alternative, we would be pretty much forced to accept whatever rates they set. Do you understand how completely stupid that is?

Unless I'm missing something, this is a terrible idea.

 

[zstar]

That is the most ridiculous thing I've ever heard.

Do you know what the potential effect is of privatising our energy? If you think it will result in more efficiency or anything of the sort you're deranged. What it will do is give a private business power over our energy, with a monopoly and thus with the power to do whatever it deems neccessary to turn a profit at the expense of the people of NSW. Usually that means jacking up the prices. Since there is no alternative, we would be pretty much forced to accept whatever rates they set. Do you understand how completely stupid that is?

Unless I'm missing something, this is a terrible idea.

No you are wrong

Privatisation will force the energy companies to compete against each other which will lead to cheaper energy in the long run. Government cannot run anything, Everything government does is inefficient.

If I want bread I don't go to the government for bread I go to the bakers for bread. If you look at the history of the Communist states the power grids constantly crashed so power was constantly in short supply.

The government does not have the funds to build two $10 billion dollar power stations so where do you think that money comes from? Who do you think suffers from this?
schools, transport and other infrastructure budgets have to be reduced and thus us students will end up paying more for those things to keep those institutes running.

Government run electricity will increase prices once they introduce peak demand. Look at your electricity bills and you will see this.

 

[Iron]

Meanwhile Costa has said "I won't be standing at the next election"

There's hope for Labor yet!

 

[incentivation]

It seems the only argument for privatisation is efficiency and competition. What about the idea of public goods? The quest for efficiency often results in services being diminished and public goods sold. Once sold, they're generally gone forever.

 

[Enteebee]

It seems the only argument for privatisation is efficiency and competition. What about the idea of public goods? The quest for efficiency often results in services being diminished and public goods sold. Once sold, they're generally gone forever.

That's not really the argument for privatisation in this case at all... It's more that the government cannot afford the upgrades, is not in the position to borrow the significant amounts of money they need to do so and in keeping these they will have to sacrafice other projects which are far better off being funded through the state government.

 

[Slidey]

No you are wrong

Privatisation will force the energy companies to compete against each other which will lead to cheaper energy in the long run. Government cannot run anything, Everything government does is inefficient.

If I want bread I don't go to the government for bread I go to the bakers for bread. If you look at the history of the Communist states the power grids constantly crashed so power was constantly in short supply.

The government does not have the funds to build two $10 billion dollar power stations so where do you think that money comes from? Who do you think suffers from this?
schools, transport and other infrastructure budgets have to be reduced and thus us students will end up paying more for those things to keep those institutes running.

Government run electricity will increase prices once they introduce peak demand. Look at your electricity bills and you will see this.

So how are your welfare and healthcare going lately my friend?

 

[jb_nc]

So how are your welfare and healthcare going lately my friend?

probably not that well considering the state government would have had like $10bn more dollars to spend on healthcare

 

[Slidey]

probably not that well considering the state government would have had like $10bn more dollars to spend on healthcare

Actually fairly well considering Australia has among the world's best welfare and healthcare to begin with. A small once-off chip from that pool won't send our welfare tumbling down. Though obviously it's not desirable, I'd much prefer it to our energy falling out of government control.

 

[jb_nc]

Actually fairly well considering Australia has among the world's best welfare and healthcare to begin with. A small once-off chip from that pool won't send our welfare tumbling down. Though obviously it's not desirable, I'd much prefer it to our energy falling out of government control.

welp, guess because it's "among the world's best" the government doesn't need to improve it. more babies to be born in hospital toilets from here to eternity!

lol @ "world's best welfare". **transferring money from federal government to your pocket** = world's best

 

[jb_nc]

forced charity is theft

i hate trade unionists.