Watch Out - NSW
November 1st 2011 00:09
Watch Out
Watch out NSW, privatising the electricity will guarantee much higher prices than if the whole infrastructure remains State owned. By State Owned I mean owned by the people of NSW, not the office wallahs in Sydney who pose as politicians.
Consider the reality of a sale, bearing in mind that the Generation of electricity makes a profit already, a profit for the NSW people.
Sale price will be how much ? No one knows.
What is the real value of the generation assets, the miles and miles of the distribution Grid, and the retail assets of electricity in NSW. The previous Govt sold off the retail outlets and the cost to the consumer went up straight away; WHY? perhaps it was to ensure that ‘investors’ got a return for the money they spent in buying those retail outlets. The cost of production hasn’t gone up yet, but that’s owned by the people. Sell those generating stations and the price will most surely rise. After all, a Private Enterprise Business must make a profit for those it owes money to.
Isn’t it time we took a look at how we use our resources? To benefit the people of our country as much as possible, should be the main objective. Selling assets built and paid for by our community, to some foreign owned company does not seem the way to do that. Profits, and there will be plenty, will be exported overseas, not used to benefit this country.
With countries all over the world deeply in debt, it seems folly to sell assets which create wealth for us, instead of some private ‘investors’ somewhere overseas. I would venture to suggest that all those countries which are having real difficulties with sovereign debt, have sold their income producing assets some time ago. Having no income other than Taxes, they are at the mercy of the international money lenders. We in Australia are heading down that same path. It is a sad state of affairs, but it seems to be the only way our Government can see to go. Is that because of poor advice from the so-called experts, or cunning manipulation of them by the money lenders of the world. Those money lenders constitute only 1% of the population of the world. Corporate greed is an international phenominum, and should be countered by Governments as a matter of urgency.
We can start this action, right here in NSW, by NOT selling our income generating assets. Whatever price we would get would not be enough to provide adequate services of our people at a reasonable price, and all profits would remain a part of our country, not some foreign place over the sea.
Watch out NSW, privatising the electricity will guarantee much higher prices than if the whole infrastructure remains State owned. By State Owned I mean owned by the people of NSW, not the office wallahs in Sydney who pose as politicians.
Consider the reality of a sale, bearing in mind that the Generation of electricity makes a profit already, a profit for the NSW people.
Sale price will be how much ? No one knows.
What is the real value of the generation assets, the miles and miles of the distribution Grid, and the retail assets of electricity in NSW. The previous Govt sold off the retail outlets and the cost to the consumer went up straight away; WHY? perhaps it was to ensure that ‘investors’ got a return for the money they spent in buying those retail outlets. The cost of production hasn’t gone up yet, but that’s owned by the people. Sell those generating stations and the price will most surely rise. After all, a Private Enterprise Business must make a profit for those it owes money to.
With countries all over the world deeply in debt, it seems folly to sell assets which create wealth for us, instead of some private ‘investors’ somewhere overseas. I would venture to suggest that all those countries which are having real difficulties with sovereign debt, have sold their income producing assets some time ago. Having no income other than Taxes, they are at the mercy of the international money lenders. We in Australia are heading down that same path. It is a sad state of affairs, but it seems to be the only way our Government can see to go. Is that because of poor advice from the so-called experts, or cunning manipulation of them by the money lenders of the world. Those money lenders constitute only 1% of the population of the world. Corporate greed is an international phenominum, and should be countered by Governments as a matter of urgency.
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