Low Energy, High Profits: How Privatizing Public Utilities Left Us All In The Dark
More than a generation after President Ronald Reagan barked at his subordinates, “Don’t just stand there; undo something!” government officials from South Africa to southern California have embarked upon an unprecedented dismantling of the public sector, hiring for-profit enterprises to manage everything from homeless shelters, to toll roads, parking meters, and utilities. While there are no known comprehensive studies, the best available evidence strongly suggests that consumers worldwide have never spent so much of their paycheck to park downtown, or for a liter of water, or a kilowatt of electricity. No demographic has been squeezed more than communities of color, which have borne the brunt of Wall Street’s restructuring of the economy, and its 40-year effort to hollow out the manufacturing industries that Blacks and Latinos have heavily relied on for jobs that pay a decent wage.