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Saturday, April 23, 2011

GREECE PRIVATIZATION TO DEMONSTRATE STRENGTH OF GREEK ECONOMY

Greece to privatise 50bn euros of state assets power companies etc.


Not that Greek public utilities would necessarily be models of fiscal responsibility, but

how has private electric power shown the 'strength' of 


the 

US economy, or the reliability of private, or privatizations 


of, big 


infrastructure,


after private company financial events like ENRON; 


banking and brokerage, mortgage debacle, food, you 


name it, 


or re oil companies, or the wasteful and inefficient, and 


monopolistic history of private electric 


power in the US, or 


the private safety policies of BP, re Gulf Oil Spill, etc?


To say little of private nuclear power... Crystal River 


plant recently,

etc, etc?

This is another example of the laissez faire dream world.


Private, poorly regulated, market systems prone, 


especially when globalized,  to rampant


corruption, and then collapse and corrupt bail out.






The cartellization of the global economy.

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