Tony Abbott’s Arse Selling!

Tony Abbott’s Arse Selling!

As a follow up from my last post, and after a number of comments, I started thinking

The Abbott and Costello Cartoon Show

The Abbott and Costello Cartoon Show coming to a parliament near you, be afraid… be very afraid!  (Photo credit: Wikipedia)

about privatisation, and what it means for us, the voting public.

Now I wrote my last post, not realising that it would come out on the same day that that financial genius, one P Costello, (the man who will always be remembered for the fire sale of our gold reserves, amongst other things) releases the second instalment of the QLD audit (Must have been just a happy? coincidence   😯   )

The question is, “can anyone cite an example of privatisation that has benefited the public?”  cos I’m buggered if I can think of one.

Telstra 1 & 2 were classic examples of privatisation, and were unmitigated disasters for investors, despite Little Johnny Howard’s protestations that it would be the best investment since……. well ever! (“Little” being a description of his visionary prowess)

But like so many other selloffs, service, price and arguably more importantly maintenance of infrastructure were and are the main casualties.

Another example is transport, where for instance bus services are outsourced and subsidised by state governments, but maintenance takes a back seat (pardon the pun) to profits, leaving low paid drivers to work with poorly maintained and in some cases dangerous busses.

As previously stated (on my last post), many government services are never going to produce a profit, so why would private enterprise be interested in taking them on?

Well there are two main reasons;

  1. Because where there is no hope of profitability, government have to provide generous subsidies to make it profitable for the prospective business. ( Government working on the false economy that they will not be financially responsible for the administration, location etc of said service, which in reality are all  components of the subsidy) 
  2. That the service can be “modified” to become profitable by cuts or shortcuts to the service and its delivery ie; performance targets, times set for basic service provision (not taking into account varying circumstances or alternatively negotiating extra payments for  said circumstance variations over and above what has been agreed to in the original contract).

Either way, the government may make some savings after the initial selloff (which are quite often at bargain prices), but at the expense to consumers by way of inferior services and delivery, putting the onus on said consumer to look for better quality services by paying for them, themselves if they can afford it, or if not, putting up with poor service and delivery, to the detriment of their health and lifestyle.

Again, those that can least afford it ie; pensioners, the disabled and those from the lower socioeconomic demographics are the ones that ultimately pay.

The fact is that Costello’s recommendations to Newman, will be the same sort of recommendations that he will make to Abbott in the Costello audit that the LNP commission (already alluded to by Hockey) if they win government in September.

Arsegate for Beginners     was written  to emphasise the point that Abbott would do pretty much anything to win government at any cost, referring to his comment to the independents, about selling his arse, but arsegate  morphed into a generic term for LNP corruption.

Why you may ask am I mentioning this?

Well the truth is he can’t sell his arse, cos it already belongs to Murdoch, but if he gets half a chance, he will sell ours!

Abbott (right) and Costello, 1942

Abbott (right) and Costello, Taking us back to  1942 (Photo credit: Wikipedia)


About Truth Seeker

Musician singer/songwriter, guitar teacher.
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15 Responses to Tony Abbott’s Arse Selling!

  1. Sandra Searle (@SandraSearle) says:

    It is indeed a scarey thought that Abbott thinks that privatizing everything is the way to go.
    The ABC will be the next to go. They are producing sub-standard TV and news coverages which is causing people to drop off watching them in droves. So the next step will be to tell us that its not making any money and will have to be sold off to private enterprise (probably Murdoch or the like).
    What else are they trying to privatize? Health, Education and Housing. None of this sort of privatization will help the bulk of Australians. The moguls will gobble up these services, run them into the ground while they extract their profits and get richer.
    How many people out there in the real world are aware that this sort of thing has been going on for the past decade with the LNP telling us how good they were managing whilst stealthily disposing of the country’s assets, one by one. Their catchcry was look folks, this is how to run the government, look how we manage to keep the figures in the black. No mention of how it was done by selling the country down the drain.


  2. Fed up says:

    Privatising is the way a government removes accountability. The same goes for setting uo community bodies to run hospitals and school;s. The body becomes responsible, not the government.

    We did have a private parteship hospital on the north coast of NSW,. Port Macquaire, I think,. It was brought in by a previous coalition government. It was a failure.

    The building of roads and tunnels this ways als to be failures in more than one state.

    There is no evidence that private sector performs better in many government endeavors. In fact we know that they cannot provide low income housing. All that government grants does, is th raise the cost of housing across the board.

    The answer is simple, private operators have to make a profit. Nothing else4 matters.


    • Truth Seeker says:

      Fed up/Cu, Thanks for your comment 😀 , and yes you are dead right. in essence, profits and good quality public services are diametrically opposed. 😯

      Cheers 😀


  3. ejdur662 says:

    Don’t forget the “privatisation” of motor vehicle Green Slips years ago by NSW Labor who promised the price would never go above $90 ( Now about $400). Plus the totally irresponsible sell-off of the State Lotteries by NSW Labor in their recent dying days.

    Watch what happens if the Mad Abbot gets in. Goodbye ABC. and Australia Post for starters. Wonder why he flew to the UK to speak to PM Cameron.
    Interesting link here to Naomi Kleins “Shock Doctrine which talks partly about Govt. privatising public utilities.



  4. Truth Seeker says:

    Greenbottle, welcome to my site, and thanks for your comment. 😀

    Yes there are many examples of privatisation that haven’t gone as promised, and thanks for reminding us of a couple more just to reemphasise the point 😀

    I was half hoping that some RW nut job would at least come up with one that worked, not so much for balance, but rather that ‘goodens’ like your good self could counter with the many that didn’t, but so far their silence has been deafening :sock:

    Cheers 😀 🙂 😎


  5. Bultaco Metrella says:

    Founded in 1916 the Commonwealth Serum Laboratories, an Australian government body focused on vaccine manufacture, was privatised as CSL Ltd in 1994. It has been a successful privatisation but I don’t know if the public actually benefited from it. Similarly, the Commonwealth Bank has enjoyed a massive rise in share value since it was privatised but then there was talk that it was deliberately run down in the approach to privatisation.


    • Truth Seeker says:

      B M, welcome to my site, and thanks for your comment. 😀

      I will assume from your measured and intelligent comment that you are not a RW nut job 😀 , and I have to say that there are, I’m sure, at least a few privatisation’s, like the two you cited, that are successful from a share holders perspective, but that isn’t necessarily a measure of whether or not that privatisation was successful in the national interest.

      My main point of reference were those entities that are inherently unprofitable, as those are primarily services provided to maintain or supply equity across the broader demographics of socioeconomic and geographical disadvantage.

      Where under private enterprise, for instance, supply of service to a small town out the back of buggery, will come at a premium, dictated by the tyranny of distance, a government owned utility that is not profits driven will subsidise that service from more profitable areas of service.

      But I do appreciate your input 😀

      Cheers 🙂 😀


  6. Commonwealth bank? How many outlets and employees has the bank let go since privatisation?


    • Truth Seeker says:

      pappinbarafox, welcome, and thanks for your comment 😀

      Yes, as I said good for shareholders…. not so good for the public 😯

      Privatisation = more for less (more for the rich, and less for the rest) 🙄

      Cheers 😀


  7. khtagh says:

    Dog forbid but the Lieberals would sell it, the goose that lays the golden eggs CSIRO. Aussie post makes money due to the net now.


  8. Truth Seeker says:

    khtagh, if Abbot gets the nod make no mistake, everything will be up for grabs. 😯

    As I’ve said many times……. Be afraid, be very afraid 👿

    Cheers 😀 🙂


  9. Pip says:

    Costello’s audit isn’t worth a cracker!

    Costello – misleads on gross debt
    Posted on September 16, 2012


    Crude analysis.

    Not ‘independent’. Not an ‘audit’.

    Prepared for:



    Prof Bob Walker & Dr Betty Con Walker

    7 September 2012


    • Truth Seeker says:

      Pip, welcome to my site and thank you for your comment 😀

      Yes, I’ve used that review of Costello’s audit myself in discussions with those of the “right”, along with another independent review, saying the same things, but they dismiss them, saying that they are wrong because they were commissioned by the union movement, or some such rubbish.

      The sad thing is that they refuse to believe anything other than what the MSM or the LNP tell them 😦

      It’s the same old problem of never letting the truth get in the way of a good Bad story. 😯

      Cheers 🙂 😀


      • Pip says:

        Thank you TS. We’ll have to share this around on a daily basis wherever we go, whomever we speak to and hope it sticks in some quarters at least.


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