Socialize Costs, Privatize Profits

by DAVID ROSEN

There’s a truism about the U.S. political-economy, one being shared by an increasing number of people from all walks of life and political persuasions: the game is rigged!

There are two aspects to the rigged game.  One involves the privatization of public services, the outsourcing of public needs to private contractors.  Parallel to privatization has been a second con, one more hidden and far more insidious, the rigged roulette – the privatization of profit — that ensures that corporations win and the public get’s stuck with the consequences, the long-term bill.

Privatization is brilliantly simple and has been working efficiently for generations.  The ordinary U.S. taxpayer gives up a portion of his/her take-home pay in the form of taxes, whether at the job or at the pump.  Like a great vacuum cleaner, “government” at every level of the state apparatus sucks up these dollars.  In turn, it doles out the dollars to private contractors who, like pigs at the trough, never stop sucking-up the dollars.

Parallel to the privatization scam is a con that has long been hidden yet is far more insidious.  Under this version of Russian roulette, corporations have easily gotten away with the consequences of their deeds.  Land was cheep, air and water unlimited, minerals abundant, workers expendable, a sucker was born everyday and you always had friends in government to bail you out when the house of cards collapsed.  Who cared about industrial waste, polluted groundwater, ill workers or failed banks, everything was replaceable.  Someone else will foot the bill.

In Washington, DC, political insiders – along with their media consorts — are acting out assigned roles in a grand Noh theatre performance, dancing the sequester minuet.  They take their positions, move in well-orchestrated patterns, give their well-rehearsed speeches and scheme how to cut the budget to best serve their corporate backers.  And in the mean time, the ordinary American gets screwed.

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CONTINUE READING HERE!

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