Labor now wants to keep the national broadband network, NBN Co, in public ownership, tabling a bill in parliament to that effect. Jim McIlroy reports.
National Broadband Network (NBN)
The corporate vultures are circling the ailing National Broadband Network after the federal government said it will spend money on it. Jim McIlroy argues it should not be readied for sale but stay in public hands.
If the National Broadband Network (NBN) is becoming a 鈥渃alamitous train wreck鈥, as Prime Minister Malcolm Turnbull claimed on October 23, then the fault lies with him.
He was the minister for communications in the Tony Abbott Coalition government who, in 2013, oversaw the disastrous decision to fundamentally change the NBN from Labor鈥檚 fibre-to-the-premises (FTTP) model to a technologically obsolete fibre-to-the-node (FTTN) system. At the time, Abbott apparently wanted to 鈥渒ill the NBN鈥 entirely.
The public debate over the problems of electricity supply displays a curious disconnect. On the one hand, there is virtually universal agreement that the system is in crisis. After 25 years, the promised outcomes of reform in the electricity industry 鈥 cheaper and more reliable electricity, competitive markets and rational investment decisions 鈥 are further away than ever.聽