Privatisation is theft

[Green Left Weekly, #201, September 6, 1995]

Throughout the western world, governments are engaged in a veritable orgy of privatisation of state assets and functions. In the poor and dependent countries of the Third World, this process is being brutally imposed by the IMF and World Bank as a condition of desperately needed loans. The only real winners from this process are the corporate rich; working people are everywhere worse off as a result. In Australia, privatisation is in high gear. There are a number of key questions socialist and progressive forces must ponder in considering how to respond. Just what is happening? What is behind the relentless development of this process? Is it really possible to resist this trend? Is the demand for nationalisation still a valid and realistic element in the socialist program today?