[LINK] Telstra propose biggest rollout in Australia's history

[David Lochrin]

On Thu, 18 Jan 2007 09:33, Craig Sanders wrote:
> the point of capitalism is that the investors reap the profits. 
> if they can offload the expenses onto someone else, 
> then so much the better. 

   Privatise the profits and socialise the losses!

> and the point of privatisation is to offload any public 
> infrastructure that has any chance of making a profit 
> into private hands - and give the government a short-term 
> windfall to plough back into corporate welfare (and a bit of 
> pork-barreling on the side - watch how much of the T3 
> proceeds gets spent getting Howard & Co re-elected 
> this year). 

   Another bit of corporate welfare is LJH's campaign for nuclear power.  Nuclear power in Australia will not contribute much to reducing greenhouse gases - even Dr. Switkowski thinks the most ambitious rollout of nuclear power (25 stations by 2050) will only result in an 18% reduction over business as usual.

   In the mean time, Britain, with a target of 60% reduction in greenhouse gases by 2050, is reducing its nuclear capacity from the current 20% to 4% by 2023 and 0% by 2035.

   Given LJH's announcement of his nuclear plans five minutes after seeing George Bush, it's probably safe to assume part of the plan is that Australia will become a repository for the world's waste in order to help the U.S. nuclear industry.  New Matilda ran a few articles about this if anyone's interested.

David