THE GREAT PRIVATISATION SWINDLE
Written on the 17 May 2010
With bidding underway for the Port of Brisbane sale, the question now leads to how it will be managed? Customs logistics economist Martin Feil is against privatisation, but tells Brisbane Business News that if the Queensland Government is to sell, it needs to do so properly to establish the port as a national hub.
PRIVATISATION has been one of the great swindles of the last 50 years, as both federal and state governments have sold fundamental assets to overseas and local financiers at prices that disadvantaged Australians.