February 17, 2008
Selling us Down the River

I’m not one who spends a lot of time at the Lyndon Larouche site — they do have their wacky theories — but here’s a selection from an article from one of his sites that I agree with wholeheartedly. Enjoy that tap water while you can. The powers that be are already conditioning us to think of water as something we have to pay for. Look for the price to spike — just like the price of oil has done. The selling off of our infrastructure — and it is we the people who are the real owners of public infrastructure — has begun in earnest. Watch for the sovereign wealth funds — meaning the princes of other nations — to start buying their shares in earnest. We’re being sold down the river and the pace is picking up faster than ever.

There are also many projects underway to create special fee-based lanes (“Lexus lanes”) on public highways under the guise of dealing with congestion, and even discussions of tracking all cars, and charging drivers by the mile driven on all “public” roads. Add to this, the growing number of schemes to privatize water and sewer systems, bridges, tunnels, airports, and other infrastructure projects, turning them into profit centers.

The pressure for governments to agree to such deals is rising, as the effects of the economic collapse are felt. Falling real estate values, for example, are beginning to devastate county tax receipts, and the breakdown of the securities markets is making it increasingly difficult for state and local governments to raise money for infrastructure projects through the sales of bonds. Under such circumstances, the lure of money from private equity funds to buy or lease government assets is increasingly powerful. But governments which accept such bids are basically selling their populations down the river.

The treating of infrastructure as a profit center to be judged in its effectiveness by the amount of revenue it produces, is a sign of a society gone insane. The purpose of infrastructure is to raise the productive power of the people in the area it serves, as a way of making the economy more productive. Selling it off to the highest bidder, who will charge as much as possible to maximize income, is actually counterproductive to economic growth.

Rather than attempt to bail out our banks by shifting their losses to the population, and allow corporatist privatization of what should be free public services, we should return to the policies associated with Franklin Delano Roosevelt. FDR put those he termed "the economic royalists" in their place, and defended the general welfare of the population, and in doing so, defended the nation. That is a policy which worked, and a policy to which we must return if we are to survive as a nation.

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Posted by Buck Batard at February 17, 2008 10:18 AM
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thanks for getting your feet slimy in that toxic wading pool on behalf of the rest of us. personally whenever i see the name "lyndon larouche" i reach for my revolver. metaphorically speaking of course.

john brunner in his seminal dystopian novel "the sheep look up" extrapolated an all-too-near future in which, as we currently do with water, those with money buy breathable air, while the poor choke. i highly recommend it, although it is not a cheerful read.

Posted by: r@d@r on February 17, 2008 1:53 PM

Even the wackiest get it right on ocassion.

Posted by: SPIIDERWEB™ on February 17, 2008 3:32 PM

Actually, this is great stuff, LaRouche always puts out stuff like this. You guys just probably haven't actually followed what he says it's all pretty much like this.

Posted by: on February 18, 2008 12:28 AM

Yes, LaRouche is where it is at. After 30 years of predicting the collapse, he is right, and it is here.

Posted by: Howard Gibson on February 19, 2008 9:36 AM
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