Friday, June 17, 2011

The Privatization Of America

This is a long read but one of the best explanations of just what is going on in regard to our economy and the political machine behind it.
From Washington's Blog

Thursday, June 16, 2011

America Is Being Raped ... Just Like Greece and Other Countries

Preface: The war between liberals and conservatives is a false divide-and-conquer dog-and-pony show created by the powers that be to keep the American people divided and distracted. See this, this, this, this, this, this, this, this, this and this. So before assuming that privatization is a good thing, read on.
If these resources had always been in the private sector, that would be fine ... that would be free market capitalism.
But if they were purchased on the people's dime with our taxpayer funds and then sold to the big boys for cheap, that's not capitalism ... that's looting.

Greece is thinking of selling some islands. Austria is thinking of selling mountains to pay off their national debt. Cities throughout the U.S. are thinking of privatizing their parking meters.

What's going on?
Read the whole thing here.


  1. It's a lot more than parking meters, Tom. This article leaves the most major player out of the spotlight: Goldman Sachs.

    "On Wall Street, setting up and running "Infrastructure Funds" is big business, with over $140 billion run by such banks as Goldman Sachs, Morgan Stanley, and Australian infrastructure specialist Macquarie.

    Goldman's 2010 SEC filing should give you some sense of the scope of the campaign. Goldman says it will be involved with "ownership and operation of public services, such as airports, toll roads and shipping ports, as well as power generation facilities, physical commodities and other commodities infrastructure components, both within and outside the United States.

    More in Dylan Ratigan's article, America for Sale: Is Goldman Sachs Buying Your City?

    Goldman Sachs is buying and brokering America's diverse public assets for private investors in a unique and novel way. If successful, this could have far larger implications towards privatizing the public trust even further.

  2. Goldman Sachs is brought up at least twice in the long article. They aren't the spotlight but what they do is what the article is all about.

    That and the Chicago school of economics and using disasters to speed things up.

  3. There is even a link to Dylan Ratigan's writings under the "Raping of America" section of the article.

    I can see that I need to read more from Ratigan.

  4. I should have read the larger link you posted more thoroughly, Tom. Sorry for the redundancy. Thank you for informing us about this issue. Is it really 'looting' and 'rape?'

    One poster said it more subtly:

    "So let me get this straight...
    Banking and now finance institutions give out money they don't have in return for a steady stream of realtime money (on average 2 to 3 times as much as they loaned into existence) and then when anyone falls short they get to lay claim to the REAL HARD assets..."

    Yeah, that about says it. We thought public financing to build sports stadiums for private teams was a poor idea? Here's something altogether different but with a wickedly fleecing and brilliant new twist.


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