Why is the government so persistent in corporatising essential
services into GLCs.
First reason - by creating all these GLCs they could charge market
prices whereas previously they had to content with recovering costs
and not making profits.
So there is a chance to build government surpluses and increase
fees in more politically acceptable and less sensitive
manner.
More importantly, GLCs is a system enabling them to reward
themselves and their connection of elites with high salaries and
bonuses and at the end also get the golden hand shakes worth
millions.
The elites connected to the power are rotating among GLCs to enjoy
good opportunities created by all these GLCs which suck profits to
pay them million-dollar salaries and high bonuses.
In NKF a charity organization of last resort (as government openly
refuse to fund any medicare for kidney patients) they already have
no compunction in diverting donation to pay the highest salaries
and bonuses and other self-rewards to their own elites.
In GLCs the rewards will be even higher..Ordinary nobody upon
becoming MPs will soon be rewarded directorships worth millions in
salaries and bonuses and share options. Now after paying such
millions to their elites they are raising some more transport fares
on the ground of rising costs and high oil prices.
If such job opportunities are allocated by level playing fields the
costs of operations could have been much cheaper and there would be
no need to keep raising their fees and charges for every reason
they could think of.
Ours is a system created to reward the network of elites loyal or
connected to the power.