Sunday, January 22, 2017
The three things we can count on the business party to do
I used to think that there were two things we could count on the business-oriented party to do whenever they were in power. First, reduce taxes on the rich. Second, reduce regulations on corporations.
I have come to realize that there has always been a third objective: privatize government functions so for-profit corporations could rake in tax money.
The business party presents privatization as a way to do things more efficiently. What usually turns out, though, is that the government was doing it about as efficiently as private industry would. What the government doesn't have to do, though, is make a profit at.
Therefore, what privatization amounts to is giving businesses the governments cost of achieving a public end, plus a guaranteed profit.
Oh, and the privatizing businesses are always big donors to the business party.