Results of Privatisation

The Provincial government assured us that privatising the ferry system would bring all kinds of benefits. The changes I noticed include:

Nobody is happy with the new service, but the provincial government no longer has any influence over what the ferry corporation monopoly does to maximise profit. Privatising works if you have 26+ companies competing to provide the service. It is a disaster when you create an unresponsive monopoly, usually owned by friends of the ruling party.

~ Roedy (1948-02-04 age:69)