Public Values

BC Hydro director suggested the public institution could have role in future water privatization

Privatization of utility itself now under scrutiny.

James: Rent-seekers cannot wait to generate private profit from a not-for-profit public asset.NORTH VANCOUVER, BC, August 24, 2011: Elizabeth James explains "rent-seeking" in the North Shore News and examines how it may accelerate the privatization of many public assets in BC, drawing on a 1987 report written by current BC Hydro director David Emerson to demonstrate the imminent threat looming.

"'Representing a new breed apart from Wisconsin's earlier Republicans, (Governor Scott Walker) is seeking to re-open the asset-grabbing Gilded Age style. A plague of rent-seekers is seeking quick gains by privatizing the public sector and erecting tollbooths to charge access fees to roads, power plants and other basic infrastructure,' (Michael Hudson and Jeffrey Sommers, The Guardian, March 10, 2011).

New-era Republicans in Wisconsin, Campbell-Clark Liberals in British Columbia: less than six degrees of separation.

While you and I are engrossed with the BC Hydro panel review, Smart Meters, corporate overload, bonuses, and pink slips, Liberal-friendly 'rent-seekers' are holding course to abscond with the entire public assetÂ…"

For the complete article, please click here.

Posted: September 07, 2011

Categories:
  Public services
  Natural resources
  Energy

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