Robert Reich (The Truth About Privatization Privatization....)
Privatization. Privatization. Privatization. It’s all you hear from Republicans. But what does it actually mean?
Generations ago, America built an entire national highway system, along with the largest and best public colleges and universities in the world. Also public schools and national parks, majestic bridges, dams that generated electricity for entire regions, public libraries and public research.
But around 1980, the moneyed interests began pushing to privatize much of this, giving it over to for-profit corporations. Privatization, the argument went, would boost efficiency and reduce taxes.
The reality has been that privatization too often only boosts corporate bottom lines.