This isn’t about assets though - it’s about government services. Things that aren’t designed to be profitable, that naturally will cost money to operate while not generally making money. By privatising these, they are now entities that have to make a profit, and that generally happens by extracting taxpayer money, as well as cutting cost, by reducing staff, service levels, equipment et al. That doesn’t make it more efficient - just more painful to use for clients. $9.5bn per year? Someone’s laughing all the way to the bank.
This isn’t about assets though - it’s about government services. Things that aren’t designed to be profitable, that naturally will cost money to operate while not generally making money. By privatising these, they are now entities that have to make a profit, and that generally happens by extracting taxpayer money, as well as cutting cost, by reducing staff, service levels, equipment et al. That doesn’t make it more efficient - just more painful to use for clients. $9.5bn per year? Someone’s laughing all the way to the bank.