In my lifetime, I as well as other middle class Americans, have invested and supported through our tax dollars; parks, teachers, public services, roads, and yes even prisons. These are OUR financial and social investments that improve our country. Privatizing these public resources sells our investments and hands them over to interest that are not vested in the well-being of the United States. We are shareholders and beneficiaries of the People's Investments, and as a shareholder, I refuse to sell!
Freddie Mac and Fannie Mae were not privatized, they were Government Sponsored Enterprises. They were seized by the government during the financial crisis due to being over leveraged.
Privatization often takes a government service, which has adequately yet not exorbitantly paid management and adequately compensated workers, and turns it into a system of exorbitantly paid management, and very poorly paid workers, with minimal oversight. The cost savings (if any) are always on the backs of workers.
The management often doesn't spend any money in the local economy, as they often live far away from the places they do business. The workers though in most cases do live nearby. Basically what I am saying is that privatization hurts local economies, because it removes money from them, even if it results in minor cost savings, and it often doesn't.
I know this from personal experience because i work for a private contractor to government. We don't save them a dime. In fact, if they hired our employees directly, the would save half a million dollars a year.
SHHHHH!
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