Privatisation of natural monopolies is always a disaster from the point of view of the users of that natural monopoly. Entities become more efficient ONLY when there is real competition and that can never exist in a natural monopoly. It barely exists in the private sector. Real competition, despite the corporate rhetoric, is anathema to the corporate world hence we see the M&A mania of the last years as bigger companies buy out smaller companies to increase 'market share'. 60 years ago, as an example, there were hundreds of oil companies today there are, in effect, only 4 or 5.
The reason privatisation has become such a mantra among the disingenuous idiots that run our country is because they have allowed, indeed enabled, the Public Service get so large that it takes most of our taxes to run it and provide for their incredibly generous perks. An example is public service defined benefit super schemes...a system that was judged too expensive for the private sector 30 years ago. Our taxes go increasingly to keep the political class in the lifestyle they have become accustomed to...to feed their sense of entitlement.
Dick you're part of the problem not the solution...I wish you would go away.
Take it to its logical conclusion...Mac bank owning and running all the essential infrastructure...airports, harbours, roads, rail, water, power generation..and make no mistake that is Mac Bank's fantasy.