Rod Sims, the Australian Competition and Consumer Commission chairman, says he has become so exasperated by the way in which governments are privatising public assets that they need an “uppercut”. “I’ve been a very strong advocate of privatisation for probably 30 years,” Sims said at the Melbourne Economic Forum on Tuesday. The head of the competition regulator and a former advocate of privatisation has called for the privatisation of public monopolies to stop because the government is mishandling them. He said consumers had benefited from the privatisation of Qantas, CSL and Commonwealth Bank but they had been let down by other privatisations. “Stop and think.

Source: The Guardian July 27, 2016 06:05 UTC