The government's privatisation policy, when launched by the Economic Planning Unit, promised to deliver efficiency, improved costs and greater effectiveness in the delivery of what was hitherto considered as public goods. That was more than 20 years ago.

Today, it appears that the spirit of privatisation has become the basis for a new kind of economics of artificial demand creation and especially to create false and artificial oligopolies to benefit select people, apparently so that crony capitalism can be propagated as a full blown policy.

Is this the new and unwritten government policy for privatisation? Pardon my skepticism.