Public Values

Privatization gives the last laugh to for-profits

Undermining the common good not funny.

Schreck: Cruel joke joins public good, profit motive; needs of society are not products to buy, sellJuly 30, 2012: Paul Buchheit reports for Nation of Change that privatization usually has poor payoffs for the general public, raising costs for consumers and reducing revenue streams for public coffers. He notes that privatization can only work in the context of strict regulation, but goes on to say that it rarely benefits the delivery of essential public services. Buchheit demonstrates that in the US, privatization has adversely affected education, health care, banking, prisons, military, water and other utilities.

"The privatization of public goods and services turns basic human needs into products to buy and sell. That's more than a joke; it's an insult, it's a perversion. It generally benefits only a privileged group of businesspeople and their companies while increasing inequality and undermining the common good.

Various studies have identified the 'benefits' of privatization as profitability and productivity, efficiency, wider share ownership and good investment returns. These are business benefits. More balanced studies consider the effects on average people, who have paid into a long-established societal support system for their schools and emergency services, water and transportation systems, and eventually health care and retirement benefits..."

For the complete article, please click here.

Posted: August 01, 2012

Categories:
  News
  Politics
  Health care
  Public services
  Natural resources
  Education

Public Values (PublicValues.ca) is a project of the Golden Lake Institute and the online publication StraightGoods.ca


Public Values
 
HOME
CONTACT US
SEARCH
FREE BULLETIN
FRANÇAIS
Search PublicValues.ca
Donate to PublicValues.ca
News
Research
Politics
Campaigns
Health care
Public services
Natural resources
Energy
Education
Front lines
Voices of privatization
Feedback and dialogue
Visit StraightGoods.ca
About Us
Donations
Newswire/RSS
What is framing?
Monday, October 23, 2017
Updated frequently
To view photo captions, run your mouse over the photo
 
Bookmark and Share

© Golden Lake Institute/PublicValues.ca, 2007-11
PublicValues.ca owns copyright on all staff-written articles.
We encourage others to freely distribute material from this website but, without explicit permission,
Web publishers may only use short excerpts that also include credit to us and a reference to our site for the full article.
This site is managed by the Golden Lake InstituteVisit Golden Lake Institute Website and Straight Goods NewsVisit Straight Goods News Website
For comments or suggestions, please contact the PublicValues.ca Editor
For technical issues, please contact the PublicValues.ca Webmaster