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From: Larry Kazdan http://www.sott.net/
>>>>>>>>>>>>>>>GLEANED POSTS<<<<<<<<<<<<<<<
The resource we couldn't live without
A western ultimatum to Putin: Drop Assad, or remain a pariah
BELOW(30)(30)(30)(30)(30)(30)(30)(30)(30)(30)(30)30)(30)(30)(30)(30)(30)To: Letters Editor
Subject: Re: Federal Liberals threaten to repeat Ontario Liberals� corporate welfare, Tom Parkin, April 09, 2017
- http://www.edmontonsun.com/2017/04/09/federal-liberals-threaten-to-repeat-ontario-liberals-corporate-welfare
- Seeking advice from money managers and and corporate executives, the Trudeau Liberals are forging ahead with failed policies of deregulation and privatization which have devastated labour and the middle class.
- When public infrastructure is sold off, brokers, lawyers and consultants prosper and the new private operators enjoy captive consumers. Quality of service deteriorates as costs are cut, major job losses occur, and prices escalate. And of course if conditions overly deteriorate, the government is forced to step in and take over again.
- The Liberals should be wary of transferring valuable public assets to their supporters and lapsing into crony capitalism.
- Footnotes:
- 1. Ottawa�s bold new plan for economic growth is eerily familiar: Walkom, Oct. 24, 2016
- https://www.thestar.com/opinion/commentary/2016/10/24/ottawas-bold-new-plan-for-economic-growth-is-eerily-familiar-walkom.html
- "At its core, the federal government�s �bold� new plan for economic growth is strikingly familiar.
- The scheme, worked out by Finance Minister Bill Morneau�s hand-picked advisory panel, relies on privatization, deregulation, public-private partnerships and user fees."
- "At its core, the federal government�s �bold� new plan for economic growth is strikingly familiar.
- 2. William Mitchell, Professor in Economics and Director of the Centre of Full Employment and Equity, University of Newcastle, NSW, Australia http://bilbo.economicoutlook.net/blog/?p=29872
- "Privatisation, franchising, outsourcing, PPPs, PFIs, and all the rest of the devious transfers of public wealth and funds to the private sector have systematically failed to deliver on the promises made by the consultants.
- The stockbroking and legal companies and economists who advised governments in these public robberies have all done very well.
- Many private firms have done very well � enjoying the best of both worlds � a captive infrastructure, ability to gouge consumers via excessive fares, no real need to keep the quality of service up to acceptable standards, and increasing public subsidies."
- "Privatisation, franchising, outsourcing, PPPs, PFIs, and all the rest of the devious transfers of public wealth and funds to the private sector have systematically failed to deliver on the promises made by the consultants.
- 3. Michael Hudson is Professor of Economics at the University of Missouri, Kansas City and author The Bubble and Beyond (2012). http://www.counterpunch.org/2015/10/05/parasites-in-the-body-economic-the-disasters-of-neoliberalism/
- "If you look at the Forbes 100 or 500 lists of each nation�s richest people, most made their fortunes through insider dealing to obtain land, mineral rights or monopolies."
- "If you look at the Forbes 100 or 500 lists of each nation�s richest people, most made their fortunes through insider dealing to obtain land, mineral rights or monopolies."
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