• 2 Posts
  • 13 Comments
Joined 1 year ago
cake
Cake day: June 12th, 2023

help-circle














  • Australian media saying the quiet part out loud.

    As the privatisation craze swept the developed world in the 1990s, governments looked around to sell almost anything that wasn’t bolted down, until they discovered the bolted-down stuff was worth even more.

    But to extract the best sale price for the assets, governments began including clauses that effectively guaranteed a decent annual return, regardless of how the economy was performing.