Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Maritime Branch
July 2013
Newcastle port sold off as Ofarrell sells peoples assets and future
Yet again the NSW conservative government is selling the people assets for a quick money grab. With the sale of both Sydney and Port Kembla ports the NSW government has put the for-sale sign up at the port of Newcastle. They intend to lease the port for 99 years for around $700 million when the port over that time would bring in over $15 billion. Selling the future of the people and handing a private company(s) a huge profit. The government is on a clear path in the state to sell of any asset they can so they can keep conning the people with short-sighted political plans. Once these assets are gone the only way government can increase there coffers is by cutting services and raising taxes. Privatisation of the peoples assets have been a boon to corporations around the world while governments struggle to find the or properly fund basic services for the people. Profits first It is illegal for someone on the board of directors of a corporation to put the interests of customers, staff or the community first. Corporations must put shareholders interests first. i.e. profits. As for accountability - a Board of Directors of a private corporation is accountable to shareholders - not to the public. Money rules Once privatisation takes place, commercial secrecy and confidentiality come in. If the company is unlisted [on the stock exchange] we dont even get to see an annual report. There is no legal obligation to provide the Job destruction Privatisation is a job destroyer.
public with the information that is available in the annual reports of companies listed on the stock exchange. If it is a foreign corporation we might not even be able to find out who the major shareholders are or who controls it. There is no public accountability.
Privatisation has become a vehicle for deunionisation, the casualisation of the workforce and attacks on awards, wages and conditions. Contracting-out results in workers competing against each other for the fewer and fewer jobs. Some might get a job with a contractor or in the private sector but nowhere near the number that are being sacked from the public sector. Public assets belong to the people. They have been built up by working people to serve the community. Privatisation turns the principle of service to the people on its head. No government has the right to hand over the peoples assets and services to private corporations to bleed for private profit.
4 3