A report issued last month by Infrastructure Australia, a statutory body established in 2008 to give policy advice to the federal government, demanded the sell-off of a vast swathe of publicly-owned infrastructure assets. These assets have an estimated value of between $195 and $219 billion, and could be sold on the stock market for between $116 and $140 billion. Their privatisation would provide a bonanza for the major banks and corporate investors, while triggering substantial job cuts and higher costs of living for working people. Read More
