Water industry set to repeat Telstra’s mistakes
The current kerfuffle about the separation of the infrastructure and retail services in Telstra is a timely warning for energy and water privatisation programs.
In 1994, Stewart Fist and myself – writing as Geoff Ebbs – both had weekly columns in the Australian newspaper and called for that separation as a fundamental plank in any telecommunications strategy. We were considered radical ratbags and dismissed as having no real grasp of the economics of major infrastructure corporations. (Other ratbag ideas that I promoted at the time include resource taxes, social networking and timeshifted media.) Some of Stewart’s columns are still on line at http://www.abc.net.au/http/sfist/