infrastructure

Privatisation continues to be touted as a quick fix, so the mantra goes 鈥減ublic sector bad, private sector good鈥. That is, using community funds and resources to build up a vital service or piece of infrastructure, usually over a period of many years, then when there is a 鈥渂udget crisis鈥 selling it off to yield a quick cash injection and the removal of an expense from the ledger 鈥 regardless of whether it is generating income or not 鈥 while giving sweetheart deals to the new owners to ensure monopoly-like conditions to maximise their profits.