2 posts tagged with privatization by amberglow.
Displaying 1 through 2 of 2.

public assets and infrastructure go private--and we pay

Roads To Riches (or We've Got a Bridge in Brooklyn to Sell You--Seriously) -- Why investors are clamoring to take over America's highways, bridges, and airports—and why the public should be nervous.--...a slew of Wall Street firms—Goldman, Morgan Stanley, the Carlyle Group, Citigroup, and many others—is piling into infrastructure ... Assets sold now could change hands many times over the next 50 years, with each new buyer feeling increasing pressure to make the deal work financially. It's hardly a stretch to imagine service suffering in such a scenario; already, the record in the U.S. has been spotty. ...
posted by amberglow on Apr 29, 2007 - 107 comments

...shock therapy on countries in various states of shock for at least three decades...

The Rise of Disaster Capitalism --...Although hotels and industry have already started reconstructing on the coast, in Sri Lanka, Thailand, Indonesia and India, governments have passed laws preventing families from rebuilding their oceanfront homes. Hundreds of thousands of people are being forcibly relocated inland, to military style barracks in Aceh and prefab concrete boxes in Thailand. The coast is not being rebuilt as it was--dotted with fishing villages and beaches strewn with handmade nets. Instead, governments, corporations and foreign donors are teaming up to rebuild it as they would like it to be: the beaches as playgrounds for tourists, the oceans as watery mines for corporate fishing fleets, both serviced by privatized airports and highways built on borrowed money....
Naomi Klein on "reconstruction" money after natural disasters--and who benefits. (Makes Wolfowitz seem like a less unlikely choice to head the World Bank after reading, too.)
posted by amberglow on Apr 17, 2005 - 36 comments

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