The business of government is not business
fares. Recent testimony before a parliamentary committee revealed certain practices that help to explain the company’s lack of competitiveness. Reports of the testimony by CY’s previous legal advisor and former accountants refer to “mismanagement”, “ineptitude” , “bloated bonuses” and “too close ties with political parties”, as well as the use of a company plane to fly the car of a CY manager’s son to a more convenient location. even railroads. Again, there were predictions of the chaos that would follow if these industries fell into private hands. Instead, major gains in efficiency and productivity were recorded. The same companies that required state subsidies to survive now contribute to government tax revenues. Of course, there were also problems, but today, not even the political parties that opposed privatisation are willing to suggest a return to nationalisation.