Public-private partnerships put corporate paws in public pockets
Bargain basement highways, meter-collecting revenues and public buildings give complex tax advantages to investors.
by Ralph Nader
(Ed. note: Ralph Nader will be in Toronto September 24 to speak with Shirley Douglas about publicly funded health care, and to commemorate the introduction of Universal Health Care in Saskatchewan in 1962.)
August 3, 2009 — Every week, Marcia Carroll collects examples of privatization (that is, corporatization of the peoples' assets). Looking at her website, privatizationwatch.org, will either make you laugh helplessly or make your blood boil.
The "off the wall" giveaways at bargain-basement prices of what you and other Americans own eclipses imagination. The latest escapes from responsible government are called "public-private partnerships" and are designed to enable the likes of Morgan Stanley and Goldman Sachs to take over highways, meter-collecting, and public buildings in deals that are loaded with complex tax advantages for the investors.
Here are two of her latest entries. Arizona lawmakers and Governor Jan Brewer are moving to fill a $3.4 billion budget shortfall by selling state-owned buildings. These include not only prisons, but also the House and Senate buildings...
To read further, please click on the links below:
Links and sources
Purloining the People's Property, by Ralph Nader, Common Dreams, August 3, 2009
Privatization Watch website
Publicly Funded Health Care & Its Preservation in Canada, University of Toronto event webpage
Posted: September 10, 2009
Voices of privatization
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Public Values (PublicValues.ca) is a project of the Golden Lake Institute and the online publication StraightGoods.ca