Newsletter: Privatization vs. The People

Privatization protest

By Kevin Zeese and Margaret Flowers for Popular Resistance. The essence of privatization today is to turn a public good into a profit center for Wall Street. US economic policy has created a wealth class that is grotesquely wealthy and under-taxed so that it has the money government needs to provide public services. This forces the government to borrow money from or sell a public service to the privateers or to create a public-private partnership (disguised corporate welfare and crony capitalism) in order to provide essential services. There is another way. We’ve reached a tipping point, as evidenced by the worldwide revolt through Occupy, the Arab Spring, the Indignados and other movements. We can reverse the trend toward privatization and inequality by claiming the commons for our mutual prosperity. If we believe in a more just, sustainable and democratic world, a world based on the common good, we will build the foundation for a world in which people work together to solve common problems and create an equitable economy that betters the lives for all.