From the viewpoint of ordinary Australians, privatisation is a policy that has consistently failed but is remorselessly pushed by the political elite. It is little surprise that voters are turning to populism in response.
“Privatisation” is a term that covers a multitude of policies. These range from the outright sale of government business enterprises like Medibank Private to the outsourcing of services like IT support for government agencies.
As John Quiggin says “It is time to move beyond the failed policy of privatisation. In particular, we should recognise health and education as social investments that cannot be handed over to profit-driven speculators.”