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Message Subject THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Poster Handle RoXY
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The Great Recession and its Implications: Tax the Rich or Privatize the State?
by Shamus Cooke
August 27, 2012

The Great Recession and its possible continuance has brought the issue of privatization to the forefront of American politics. But most Americans aren't even aware that this debate is happening, because the media and politicians aren't using the word "privatization;” instead less threatening substitutes are used to ram through a corporate agenda that aims to massively transform public resources into corporate profit.


The mass privatization frenzy is the corporate solution to the budget crises occurring on the city, state, and national level — crises caused by the recession that the banks and corporations created themselves, and are now positioning themselves to benefit from again, beyond the infamous bailouts.

The effects of the recession will continue for years, and the already slowing economy is exacerbating these effects, most notably the bankrupting of government budgets. Politicians from the Democratic and Republican parties both holler that "there is no money,” and therefore massive cuts have to be made to public services, while public employees must either be laid off or have their wages destroyed.

But another corporate solution to this corporate-caused problem is now proceeding full speed ahead: Urban Infrastructure Banks. Under this scheme, the funding of publicly-run infrastructure — roads, bridges, public buildings, etc. — will be taken out of the public realm and transferred to the corporations, who will fund these projects as long as they profit from them.

CONTINUE: [link to globalresearch.ca]
 
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