Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By Tea with FT (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

Privatizations of public services, which could have been very good, just ended up as cozy crony statism deals.

Wednesday, September 5, 2018 19:04

% of readers think this story is Fact. Add your two cents.

Sir, Hannah Roberts discussing privatizations in the Italy of 1990’s writes, “The state turned to private entrepreneurs, offering favourable terms to extract the maximum possible capital from the sale”, “Inquest on Italian privatisation” September 5.

I do not know much about Italy, but that describes perfectly the problem from which we in Latin America suffered a lot when many of our public services were privatized. The concessions, instead of being awarded to those who offered the best and cheapest services to the users, were awarded to those who offered the most immediate income to the redistribution profiteers of turn.

The government got the money, and we consumers were set up to have to repay all that money, at high expected return on equity rates, with higher tariffs or prices. It was, as I so often publicly denounced it, a hidden taxation through privatization.

Andrea Cioffi, undersecretary at the ministry for economic development and a Five Star senator is quoted with, “There has always been a tendency to favour big companies, backed by pressure groups. Italy in the 1990s was like Yeltsin’s Russia when public companies were given to the oligarchs. Everyone was looking out for their friends, rather than the public interest.”

Sir, twice is “crony capitalism” mentioned in this piece. When are we going to use the correct term of crony statism?

@PerKurowski

Source: http://teawithft.blogspot.com/2018/09/privatizations-of-public-services-which.html

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Lion’s Mane Mushroom

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.

Our Formula includes:

Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.

Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.

Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.

Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.

Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.

Comments

Online:
Visits:	1,608,147,063
Stories:	8,163,789