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NZ: Selling our defence bases to property speculators

From Scoop.co.nz

The proposal to sell our defence bases and lease them back to the armed forces from their new, private sector landlords is a pretty good example of the short term thinking that is driving the whole process of public private partnerships. Any wishful thinking that such a sale and leaseback operation would not impact on the effectiveness of the armed forces is dreaming. Any short term gains from the sale would be more than offset by the costs of renting (otherwise, where’s the profit incentive for the landlords?) and those costs would eat into the money available to equip, pay and recruit our defence personnel.

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