gringo2011
Premium Platinum
I was pretty informed about things that went on in Victoria's SEC, and it was stuffed. I can 100% see why they went down the privatisation route. SEC was horribly corrupt and people were rorting it for anything they could get.
So after so much shitting in their nest, they cleaned it out.
I tend to see things like a big pendulum, if things swing too much one way , it swings back the other way, but it doesn't stop in the middle, it keeps swinging.
That's true people scammed the SEC but really the people stealing copper and over charging for service are small fry compared to selling a business that's replacement cost would be trillions for a $22 billion. It sounds great because you balance the books but the plants probably returned more than that annually in profit, fringe benefits like employment of a larger workforce etc. It kept more people employed so benefits small business etc. The best any one can say is that it is more competitive which just means a leaner workforce and lower standards of service.
It will swing back but unfortunately the public pay to build big infrastructure, give it cheap to industry to profit from, they run it down and it all starts over again.




