privatising the company is the only solution - Comment - Israel News | Haaretz Daily Newspaper
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    • zionist forever
    • 13.11.12 | 13:31 (IST)

    Break the company up and sell it off and let the private sector compete for our custom. The alternative is pumping lots of taxpayers money into it keep it afloat until the next time if gets into trouble and they need another bailout. What do you prefer the government spend its LIMITED budget on social housing or bailing out Israel Electric and keeping it in the public sector? Since privatisation Bezeq and their having to compete with HOT for providing telephone services things have improved. In the old days Bezeq had a monopoly and the government gave them their budget and paid the employees on time every month and whilst they might have been supposed to improve things it didn't matter if they didn't because they got paid anyway. Now they have to earn their keep they know they have to deliver a good service no more sitting on their backsides. Even better is through privatisation the government saves money not having to bail them out but when the country is released onto the stock market the government will make money. Not all state owned companies should be privatised but there are still plenty that can and should be and Israel Electric is one of them.

    from the article: Israel Police launch probe into Electric Corp. official on suspicion of bribery
    First published 12:20 13.11.12 | Last updated 05:18 13.11.12
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