Ripoff Privatizations-- And Why They Keep Happening
Source: By Nathan Newman, TPM Cafe: The Coffee House, February 5, 2006
Want to make a deal? Privatization is in the air and the multinational profiteers are circling. And the action is bipartisan and involves big money:
....... One reason the privatized firms can expect so much money in the future is that they can do things that the politicians might not be able to get away with if the decisions were subject to democratic accountability. They can raise tolls without a political debate or use marketing or employment practices that would be stopped in their tracks if the job was still being done by the public sector.