Please disable your Ad Blocker to better interact with this website.

Image Image Image Image Image Image Image Image Image Image

Affluent Christian Investor | November 22, 2019

Scroll to top

Top

One Comment

The Anglosphere Privatization Wave Doesn’t Include U.S.

Joe Hockey

Australia is launching a 100 bn dollar privatization initiative. Britain sold part of its post office last year; New Zealand has recently been engaging in privatization too; even India has done some privatizing. But the U.S. stands out among ‘the English speaking peoples’ as a nationalizer and not a privatizer in recent years.

“Australia is readying a plan to sell potentially 130 billion Australian dollars (US$117.49 billion) in assets ranging from health insurers to electricity poles, hoping to set an example to cash-strapped governments around the world that need new funds to boost their economies.

“Treasurer Joe Hockey, who will chair a meeting of finance ministers and central bankers from the Group of 20 developed and developing nations this month, said Australia’s conservative government was finalizing a deal with state counterparts to prioritize assets and businesses that could be sold to private investors.

“We are going to free up the capacity to get on with the job of building things,” Mr. Hockey told The Wall Street Journal in an interview at his parliamentary office in Canberra. “We’re going to form a partnership with the states that is going to be rolled out over the next few months, which is hugely exciting, and involves potentially massive transactions that will get the place moving.””

Continue reading here…

 

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

The Affluent Mix

Become An Insider!

Sign up for Affluent Investor's free email newsletter and receive a free copy of our report, "How the Trump Impeachment Crusade Costs you Money ."

Send this to a friend