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Socialize Costs, Privatize Profits


Business  (tags: business, government, costs, profits, people, capitalism )

Lynn
- 2228 days ago - counterpunch.org
The twin cons of privatization and the privatization of profit reveal the inherent crisis of capitalism. Without public subsidies ...what would be the real costs of true free-market, predatory capitalism? Could private capitalism survive without ...



   

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Comments

Alan Lambert (91)
Saturday April 13, 2013, 8:41 pm
It's exactly what happened with the banksters...
 

Roger G (148)
Sunday April 14, 2013, 5:29 pm
well the "nationalisation of losses" (paid by taxpayers) and the privatisation of profits have been going on for over two centuries now in Europe... time for the people to wake up and fight the corporate states
 

Robert K (31)
Sunday April 14, 2013, 5:46 pm
Privatization of government functuions ALWAYS has the same result, higher costs, less service.
 

Sandra ;atterson (59)
Sunday April 14, 2013, 8:22 pm
noted,ty
 

cathie S (154)
Sunday April 14, 2013, 10:15 pm
noted
 

paul m (93)
Monday April 15, 2013, 4:54 am

Noted..
 

Past Member (0)
Monday April 15, 2013, 7:48 am
ty
 

Gloria p (304)
Monday April 15, 2013, 8:55 am
Corporations own the world.
 

Audrey B (0)
Monday April 15, 2013, 3:08 pm
Don't let Corporations & Gov't profit from Healthcare of the American Citizens. Both groups of Guilty of Profiting off of us in anything they do.
Healthcare is expensive already, we cannot pick money out of the Air to pay these Premiums, Copays, Deductibles.

Stop FINANCIAL-AID use that money to provide FREE HEALTHCARE FOR ALL AMERICAN CITIZENS OF THE USA. Our Gov't helps other Countries more than the American people w/ our own tax money.
SHAME ON AMERICA. Obamacare will not be cheap enough it will be a inflated burden to our families.
 

Birgit W (160)
Monday April 15, 2013, 3:19 pm
Thanks
 

Edith B (146)
Monday April 15, 2013, 9:25 pm
Noted and shared. I live in coal country, I know the consequences of the free ride the industry receives. My dad died from pneumoconiosis, or black long disease.. The company doctor who examined him told him his lungs were free and clear. Our mountains are being stripped, our streams and air polluted, but coal still is protected by our politicians.
 

reft h (66)
Monday April 15, 2013, 11:49 pm
thanks for the article
 

P A (117)
Thursday April 18, 2013, 9:41 am
From the article "“Privatization” has become the new holy grail of corporate greed, promoted from prisons to schools to sports stadiums. Looking at the sports industry, Judith Grant Long, a Harvard professor of urban planning, argues “the costs of land, infrastructure, operations and lost property taxes add 25 percent to the taxpayer bill for the 121 sports facilities in use during 2010.” She estimates this to be about $10 billion more then the original forecast. Guess who picked up the tab?
"The second form of privatization involves companies pursuing private gain without regard to the social consequences, often involving significant health and environmental costs. Those days are ending.
"People now recognize, if only intuitively, that things have consequences. A factory or mine that pollutes or genetically-modified food products farmed will likely leave a footprint far longer then the company is in business. The management will walk away fat and happy, the workers, neighbors and consumers bearing the scars. Like Appalachian coalminers, the day-to-day tragedy of digging in a dark hole was nothing compared to the suffering they and their families faced above ground with pneumoconiosis cancer. Coal dust still hovers in Appalachia."

This is what we have been saying forever - but people get mesmerised by the lies of those promoting privatisation. (Sigh!)

Green star to Roger GM and green star to Edith - what an appalling thing to happen, Edie, I'm so sorry.
 

DaleLovesOttawa O (198)
Monday April 22, 2013, 2:05 am
The rich get richer and the poor get poorer...something very wrong with this equation.
So many things are contracted out these days...hospital food used to be prepared from scratch in the kitchen and more often than not these days...the meals are brought in from elsewhere and never taste
as good as old fashioned hospital food, the way it used to be.

Corporations are often not good corporate citizens and have a lack of regard to the land, people and social/environmental costs. Profit is always first.

Privatizing prisons...doesn't this make it profitable the more prisoners are put there...since the U.S. imprisons more people per capita than does other western democracies for crimes which do not result in people being imprisoned in other western nations...it appears that the more prisoners there are, the more profit there is. Am not arguing for being soft on crime but why are taxpayers footing the bill for crimes seen not as 'jailable' elsewhere where a person is perhaps doing community service instead. There are a lot of victimless crimes that are better served having the person do serve or simply pay a fine. I imagine that prison also is a breeding ground for encouraging some into crime such as drugs and whatnot. Have never been in prison and will never be there but do have to wonder why compared to other democracies there are far more people in the prison system. (Not speaking of those who murder, etc.., talking about crimes that are victimless). Just seems as if the move towards privatization rewards the corporations far more than the taxpayer. Also, corporations want 'legal person status.' Isn't that just rich...they don't want to be corporate citizens, they want to be legal persons.
 
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