Ford's privatization schemes revisited
With provincial elections looming, Toronto's problems must become an election issue.
August 8, 2011: Rob Ford's administration will not be able to solve Toronto's structural fiscal problems, according to Carlo Fanelli of The Bullet. Fanelli reviews the context behind Ford's election and analyses various privatization moves by the city, including those on waste disposal, public transit, and the KPMG core services review. Fanelli argues that Toronto's public services can only be saved an anti-capitalist movement.
"As the immediacy of the financial crisis fades from public scrutiny in Canada, its aftershocks continue to strain public finances. The public treasury bailed-out banks and corporations by taking on their bad debts, supplying subsidies and increased spending to counter a sharp recession. Now, the economic crisis has moved into the public sector. Paradoxically, despite being the source of the costs of the crisis that now burden the public sector, the banks and capitalist classes are now demanding government austerity. In place of bloated CEO salaries and the speculative excesses of the financial sector, media and political attention is fixated on cutting public services and attacking public employees, the poor, pensioners and just about any user or producer of public services..."
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Posted: August 31, 2011
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