I disagree , reforms should go on in a planned manner irrespective
if oil prices are high or low , they should push for privatisation and
reforms as planned.
Hahahaha... privatisation is the solution is it?
What a freakin joke privatisation is here.
The government used to control the electricity generation and delivery and also the telecommunications network.
Then another government got into power and the economy wasn't so good and the brilliant solution was to privatise stuff.
Telecom was the first thing to get sold and we were told it was OK because ma and pa investors in NZ would buy it and everything would be ok.
What actually happened was that NZers were initially sold shares but eventually foreign companies made offers and bought up majority share holdings and now Telecom is foreign owned.
The initial price was something pathetic... and in their first year of operation they fired all the staff and rehired the 1/3rd that were actually doing the work and made that one third do the work of all the workers laid off.
Prices didn't go down, they went up... because the next thing they did was allow competition and blamed Telecom for having a monopoly because it owned all the lines and infrastructure... not really a surprise... they did have to buy it.
Now competition has pushed prices up, not down.
It is even worse with electricity... here in New Zealand we have a few hydro electric dams and in the far north some dirty coal fired power stations. Way back when it was all government run it was fine... use hydro and only fire up the dirty coal plants when the lake levels were low.
Now that all the power stations and power lines have been sold the coal fired stations run all the time because the company that owns them doesn't own the hydro power stations and only makes money when coal is burning...
Workers are fired and a skeleton staff are rehired for the same or less pay to do the work of all the people fired and their own work.
Money is saved by not doing maintainence and when lines go down they just cut the power.
Trust me... privatisation is only good when it goes so far... the reality is that private companies can fu#$ things up just as easily as any government department, but private companies are not as publicly accountable as a government department is.