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Privatization….privateers…

February 14th, 2018 · No Comments

https://www.counterpunch.org/2018/02/14/trump-privatizes-america/

MICHAEL HUDSON: Well, many states and localities have blocks to prevent privatization giveaways. They want to prevent what happened in Indiana with its toll road. They say, “Wait a minute. Privatization is going to be a giveaway. It’s going to triple the costs of providing infrastructure services. It’s going to price our cities and states out of the market if we go along with this plan.” Trump’s plan says that in order to qualify for public funding, states have to abolish its regulatory framework, environmental laws and restrictions on private funding.

What Trump basically said is that states and cities have to let themselves be robbed blind by the hedge funds and Wall Street. Just as the hedge funds robbed Chicago blind on the parking meters – getting a huge rate of return that probably will force Mayor Rahm out of office at the next election – local governments have to let privatizers come in and vastly increase their cost of living for the infrastructure they need.

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