Originally Posted by
haughtney1
If modern industrial history has taught us anything it's that governments and their various ministries and quango's are utterly hopeless when it comes to operating efficiently along side the private sector, moreover the natural progression tends to lead to bloated high cost "businesses" that tend to drift out of touch with reality. (Time period to look at of your own choosing)
Are we paying less for electricity since the governments sold out
How about CTP insurance post GIO insurance only
Are banks doing the right thing by customers since State Bank and CBA were privatized
Or how is the price and service of Australia Post doing under private ownership (kinda)
Back in the 70s and 80s QF did not have the protection of the 2 airline agreement and competed with international carriers well and had around 50% of the market
What changed is that it was privatized meaning
It now has to not only break even, but give a return to shareholders and pay huge amounts to management
If QF international were returned to government ownership (in the national interest) profits could be rolled into
Fleet renewal
New routes
Returning maintenance to Australia
If QF international under government ownership went down this path, the net return to the government (assuming profits were rolled back into the airline) would still be positive
Extra income tax from re-created jobs in maintenance, extra flight crews, ground staff and admin
Less welfare paid for those who take up these positions
For every 1000 people employed there is a net gain to the government of around $22 million per year