I’m really not impressed with governments privatising their registries, as managing centralised registries is one of the few...
I’m really not impressed with governments privatising their registries, as managing centralised registries is one of the few things you would want a government to be effective at doing.
NSW sold its land titles registry for $2.6 billion and Victoria for $2.8 billion, both to the same superannuation fund consortium who are going to run it for forty years and presumably squeeze it for all that it’s worth, which must be quite a bit or they wouldn’t have spent five billion dollars buying them.
in return the government gets a one-off cash injection which it’s going to blow on some stupid election pork that won’t generate any ongoing return.
so much for my plan for a public asset registry!
every time an Australian uses “superannuation” he seems to be complaining about a different angle of something Americans would just roll into ‘90s neoliberalism
It’s like the mortgage interest deduction PLUS privatized Social Security/defined contribution pensions but according to OP it’s also privatization of infrastructure?