We often get told that Government Trading Enterprises and General Government Organisations are not profitable and the business community can do it better.
Many of us that have argued the exact opposite of this and have spoken out about the efficiency of Government managed organisations (that is non privatised). Need to look at recent report published by not a Union, nor a Government Organisation but by a organisation that provides independent and accurate research "IBISWorld" .
The report covers Government Trading Enterprises and General Government Organisations operating across Australia, a country the size of main land USA or Europe , with State Government jurisdictions, many hundreds of Local Councils (560 of them) - and a Member Country of the OECD - So provides, some good arguments and country comparisons .
A recent report by IBIS World at https://www.ibisworld.com.au/media/2017/05/12/the-nations-profitability-challenge/ shows the position of the profitability of "Government Trading Enterprises and General Government Organisations" and to my mind shows that Government run services/businesses and organisations are just as profitable if not more profitable than many private sector business or services.
The IBIS report uses the measurement of the " the return on shareholder funds after tax (ROSF) ", with surprising results. The list includes the types of assets the private sector and Conservative Governments are pushing for privatisation, wonder why ??
Read the full article and see if you agree with the points and what could well be augured, shows the way they are run and managed, including well Unionised , collective bargaining, quality services to the community, are well run and financially more than just efficient ... ...there are some good points in arguing the cause, that privatisation is necessary !!
The full article is published at https://www.ibisworld.com.au/media/2017/05/12/the-nations-profitability-challenge/
Above chart is from IBIS https://www.ibisworld.com.au/media/2017/05/12/the-nations-profitability-challenge/
IBISWorld web site advises it provides "reliable resource for busy journalists on tight deadlines, that provides accurate, independent research". https://www.ibisworld.com.au/media/why-ibisworld/
