Re: Freightcorp's interstate sell-off blamed on competition fears

[Greg Rudd <grudd@mail.usyd.edu.au>]

Tezza wrote:

> "Tell" <telljb@ozemail.com.au> wrote in message
> tdgd7tc2hmu8leu9libgg5ufsrvp9ffe89@4ax.com">news:tdgd7tc2hmu8leu9libgg5ufsrvp9ffe89@4ax.com...
> | Very true, but we have a problem Greg.
> |
> | Have you ever heard of PACIFIC POWER.?
> | This is just another "private sounding name" but public
> | owned NSW GOVERNMENT body who has just happened to rack
> | up millions of dollars losses to the NSW taxpayers.!

Yes it was the former Electricity Commission of NSW.  While it had the habit
of gold plated standards, it did create one of the better electricity systems
in the world.  After this body was split up into separate "aggressive,
customer focused" energy companies in a competitive market place it had the
habit of making shit business deals, that defied common sense and logic.

>
> |
> | The power industry was well and truly controlled by the
> | left in NSW and they managed to roll Bob the Prem in
> | the caucus.
>

Who was acting on behalf of the investment and funds managers and the american
power companies who seen the value of the NSW electricity system.

> |
> | Now they find themselves in real trouble with mixing
> | with the private big boys imported into Oz by
> | Hawke/Keating policies and Kennetts "flog the lot off".
> |
> | Just ask some of the independent members of NSW
> | parliament what it is going on.!
> |
> | Power industry one day, railways the next.
>
> You won't win many friends in this NG slagging off the Labor Party, to the
> one-eyed faithful they can do no wrong.

That is the sad thing.  Remember it is not your enemies that are going to
screw you but it is your so-called friends that will do it.  Also the biggest
problem is the unions are in bed so much with the labor party that they can't
see the forest for the trees.  For it is the labor party that screws unions.