I call it corporatocracy creep. It begins with all praises to free markets & enterprises & the jobs, livelihoods & economic freedoms that arise from the non-intervention of the state. It ignores the natural tendency of free markets towards the collaboration of a limited number of players to set prices & supply to maximize each others margins. Instead, it ttouts the dogma that free markets result in competition for the customer & market share -- which means the highest quality & lowest price. Then it applies the dogma to natural monopolies, public services, civil works & infrastructure -- goods & services paid, cared for & patronized by the public to serve the public equally & impartiality. Applying the dogma ignores the public mandate & reduces them to nothing but enterprises that must yield a profit for it to be sustainable -- another mythical dogma. Hence, the lie that simply turning them over to private enterprise is better. The deception continues. Government privatises state assets & enterprises for a bargain but keeps the debts & obligations a public responsibility. Thus, privatiseurs are free to develop & sell land they acquired cheap & design the services to generate synergy with their other business interests -- malls, business centres & real estate, after all need what the government once provided -- at the cost of subordinating the general public interest. Furthermore, after having stripped & spun off profit centers & the core business is proven to be unprofitable, the privatiseurs will demand to raise their prices so they may serve not the general public but only those who can afford to pay the right price. They will apply pressure on the government to enable them to raise their prices under threat of not paying the publics debts which are guaranteed by the government anyway or re-sell the enterprise to the state. Welcome to just one part of the corporatocracy. Are you asleep yet?
Posted on: Sun, 04 Jan 2015 21:50:54 +0000
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