Privatisation - Who benefits?

Following last September's election of a right wing federal government in Australia pressure is mounting for a large scale sell off of essential services. As in Britain in the 1970's, proponents of privatisation argue that it will bring greater productivity, efficiency and lower prices. Professor Sharon Beder writing in the Brisbane Times provides a compelling rebuttal of the case for privatisation and exposes the public services industrial complex which it has spawned: "Privatisation is promoted by a group of powerful vested interests greedy for low-risk financial investments, consultancy and legal fees, or banking business. They are aided by business-funded think tanks and economic advisers who spread the ideologically based belief that private management is superior, despite the plethora of examples contradicting this"
  Read more: http://www.brisbanetimes.com.au/comment/privatisation-provides-no-dividends-for-the-poor-20140109-30k95.html#ixzz2qM69k5fe 
http://www.brisbanetimes.com.au/comment/privatisation-provides-no-dividends-for-the-poor-20140109-30k95.html