Myth: The Public Service Sector is Inefficient and Much Too Expensive (tags)
Privatizations do not usually lead to lower prices. Privatizations often entail hidden costs. if a business saves by investing less in training, the state has to invest more. Privatizations mostly mean staff reductions, lower wage, and increasing work pressure.
Casino Capitalism and Profit Maximization (tags)
In the 1960s the average holding time for stocks was 10 years. Now the holding time is not 9 months but 22 seconds. Like shareholder value, profit maximization leads to exploding inequality and the waste of resources. States are weakened by tax cuts.
The Face of Privatization (tags)
Under the present rule of neoliberal privatization, the all-embracing principle is conquest of the world transformed into rights of private property.. After destruction of the privatization myth, we need real democratization.