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'Unauthorised': Privatised NSW land titles registry hiked fees by 1900 per cent

Despite advance warnings that privatization would lead to the price gouging of the Australian public, the private operator of the New South Wales Land Title Registry “surreptitiously hiked some fees by 1900 per cent before it was caught and forced to amend them.” In the lead-up to the privatization, “surveyors and developers said they feared the cost of a property transaction would rise. In one recent example, homebuyers and sellers now have to go through a licensed broker to conduct a land titles search. They now have to pay, in some cases, triple the price for the same information.”

The refusal of the public to countenance the transfer of public land to the joint venture

Haringey Council scraps its controversial £4bn housing joint venture with a private company in favor of going its own way and forming an all-public enterprise. At the heart of the dispute was the refusal of the public to countenance the transfer of public land to the joint venture. “The scheme was also criticized by Labour leader Jeremy Corbyn who argued for communities to have much more of a real say in developments in their local areas. Many Labour candidates last May were emboldened by the approach of the party’s leader and opposition to the HDV became a driving force of the campaign, so much so that local people elected a new political leadership in Haringey as a result.”

Source: Infrastructure Intelligence

A massive ‘public-private partnership’ project is proceeding

A massive ‘public-private partnership’ project that will eventually cover around 15% of the Yangon region is proceeding. “According to the Yangon regional government, the public-private partnership project on an 80-square kilometer plot of land on the west bank of the Yangon River includes a power plant, an industrial park and residential areas. (…) Serge Pun, a business tycoon who heads local conglomerate Serge Pun & Associates, has been named the firm's CEO and is supported by four other board members, including former Singaporean foreign minister George Yeo.”

Source: peopleoverprof.it

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Diversifying Public Ownership. Constructing Institutions for Participation, Social Empowerment and Democratic Control (by Andrew Cumbers)

This paper advocates a form of economic democracy based around diverse forms of public ownership. It does not prioritize one particular scale but recognizes the importance of decentralized forms of public ownership, to encourage greater public participation and engagement, mixed with higher level state ownership, for strategic sectors and planning for key public policy goals (e.g. tackling climate change). It takes a deliberately pluralistic definition of public ownership, recognizing both state ownership and the role that cooperatives and employee ownership could play in a more democratic economy.

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