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Is asset recycling the answer?

In The Mandarin (20.2.15) Hartley Dennett asks whether asset recycling can end privatisation ‘premier-slaying’:

‘Asset recycling makes good economic sense, says one former head of Department of Prime Minister and Cabinet and Department of Finance who oversaw the major asset sale program of the Hawke-Keating years.

‘“It’s the sort of thing that any sensible government, like any sensible business should do,” Michael Keating told The Mandarin. “It should look at its asset portfolio and see whether there are lazy assets that would be better sold off so you can buy better new assets that are less lazy.”’

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