Wednesday, December 12, 2018

Reich: The truth about privatization

A question that private corps never ask is: What's best of the public? And that's exactly why corps should have no hand in public resources. His 5 rules on the latter are as follows. See the video below for the details.

1. When the purpose of the service is to bring us together, keep it public.
2. When the service is more cost-effective when financed by taxes than corporate price fixing, keep it public.
3. People who receive the service should have the power to complain and have services improve, not possible in private oligopoly.
4. People have the right to be honestly informed about quality control of services, again unlikely with the massive amount private corps pay on false advertising.
5. Oligopolies inflate prices for their own profit, not the public good.

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