How to ensure privatisation serves the public good
Future Tense
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Navigating the Complexities of Privatization in Australia
This chapter explores the intricacies and contradictions of privatizing public assets in Australia, focusing on the impact on competition and consumer welfare. It emphasizes the necessity for strong regulations to prevent monopolistic practices, particularly in sectors like telecommunications and prisons. Through historical examples, the discussion reveals the consequences of privatization, including the loss of essential training programs and the resulting skills shortage.
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