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53383Re: The NSW Labor conference

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  • michael berrell
    May 1, 2008
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      Interesting that Bob cites the Imre Saluzinsky profile of Michael
      Costa that appeared in The Australian a couple of weeks ago.

      As well as claiming Hayek and Milton Friedman as heroes, Costa also
      cited Ronald Reagan as a politcal hero and inspiration. There was a
      time when such revelations would be grounds for expulsion from the
      ALP. It is perhaps indicative of the general degeneration of the ALP,
      that admiration for reactionary figures such as Hayek, Friedman,
      Reagan and Thatcher is probably not all that uncommon among figures
      within the NSW Right.

      Interesting to note that Costa cited the Soviet invasion of
      Afghanistan as being the catalyst for his conversion from the far left
      to the far right.



      --- In GreenLeft_discussion@yahoogroups.com, "bobgould987"
      <bobgould987@...> wrote:
      >
      > The issues involved in, and the consequences of, electricity
      privatisation
      >
      > The economic arguments advanced for electricity privatisation by Mick
      > Costa, Morris Iemma and Ian Macdonald are completely unsound. They've
      > been thoroughly refuted by the veteran public infrastructure
      > economists, Bob and Betty Con Walker.
      >
      > The Walkers have pointed out that the electricity system in the
      > 2006-07 financial year returned a profit of $1.542 billion, or between
      > 25 and 30 per cent of equity, which in any financial terms is pretty
      > good, and explains a bit about why private interest want to get their
      > hands on these public assets.
      >
      > Mick Costa started out a few months ago saying sale of the electricity
      > system would realise $15 billion, but the figure most often cited now
      > is more like $10 billion. In a few months, this vital asset has
      > quietly been discounted by 30 per cent, and who knows what cozy deal
      > would eventually be cooked up behind the cloak of commercial
      > confidentiality?
      >
      > Full: http://tinyurl.com/68oedf
      >
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