Friday, December 15, 2006

Oh, Qantas

It is hard to be happy about the sale of Qantas.
Australia's iconic national airline suddenly is not so national. It is part-American. Not that I am in a position to make judgement about this, being, in a sense, part American. But Qantas?
The worry, of course, is not nationality so much as the fact of privatisation. The shareholders, we hear, are very happy with this sale. The shareholders profit from it. Once they have added up this profit, they will, of course, be looking for more.

Modern corporatations cannot cope with a steady profit margin. To their values, the graph line should continue ever upwards, yielding ever more, slashing into everything that makes the corporation successful to carve out more dividends.

This is the secret behind declining standards all around us.

So, we will see Qantas start to cut corners. First the staff, then the maintenance. Then, oh fear, the reputation for safety.
The world's safest airline is in peril.

Of course they are making all sorts of assurances right now about how the airline will be handled. They lie. Lying has become a norm. We expect it. It eases the passage of deceit. After all, the truth is unpalatable

But so long as the shareholders have their nests feathered, does anyone care?
Until the first crash.

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