#peanutstoprofits — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #peanutstoprofits, aggregated by home.social.
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The $1 Million Miracle: How to Turn Peanuts into $730 Million (Just Ask the NSW Government!)
Remember that time in 2015 when the NSW Government sold the totally outdated, super-polluting Vales Point Power Station for a cool $1 million? Yeah, just your average fire sale of a public asset. But wait — plot twist! By 2017, this "worthless" coal plant was magically valued at $730 million.
Guess it just needed a little private sector fairy dust to unlock its true potential, right? 🙃
Ah, privatisation — where public assets go to become someone else’s goldmine. What a deal! (For some, anyway.) 💰#JustGovernmentThings #PeanutsToProfits #DodgyDeals #ValesPointMiracle #Auspol #Nswpol #privitisation
https://www.abc.net.au/news/2017-10-24/coal-power-station-sold-for-peanuts-becomes-730-million-asset/9077582