On privatisation and legacy assets
John Bushell writes: Re. "State privatisation schemes a dumb idea, regardless of the spin" (Friday). It's just as well the Romans didn't have to sell existing assets in order to raise money to build the vast amount of new infrastructure they created. Of course some of this infrastructure is still in use 2000 years later. OK, they had some help from the slaves but we have tonnes of machinery and computer assistance to design and build new infrastructure now. What is really needed is government borrowing and a thoroughly transparent procurement process in which the value of the investment to the community is demonstrated to the community. If this cannot be demonstrated the investment should not proceed.