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    Register of the Kentucky Historical Society
    Did you know...that the Register of the Kentucky Historical Society, first printed in 1903, is the oldest peer-reviewed publication dedicated to Kentucky history?Subscribe to the Register (only $40 per year).
  • Privatization and the Work Place
    Posted On: Dec 12, 2016

    Privatization: Its Many Faces

    The movement towards privatization has taken on many forms, invaded social perceptions, and sought to establish rule of "benevolent" oligarchs who reign over a nation unwilling or uninterested to challenge their power. Unions are termed a threat to this rule, the government is viewed as being too large too encompassing except when it can be tapped for free access to citizen owned mineral rights or natural resources. The government, we are told, should balanced its budget just as homeowners do. Somehow, unlike the millionaires who pay in cash or their corporations cover the bill, most Americans are confronted with debts. Mortgages that persist for a life time if they do not face foreclosure, credit card debts, unpaid student loans at exorbitant rates of interest, car payments the exact many years of payment, who says that the government should pay its bills like the average home owner? Only those who have no debts, or whose finances  a hidden away in some tax proof offshore investment.

    Privatization functions well when one is independently wealthy, when one is free to invest someone's else's in investment ventures, when one can use equities to obtain other resources to purchase additional goods or services. Stock markets rise to record levels but do little to sustain the wages of the ninety nine percent who have not received the benefits of their productivity in decades. By weakening the actual resources of the government privatization is actually weakening the resources of the citizenry to govern itself. The Kochs, the Waltons, the Soros, and the Beatties, and the entire family of business persons currently control the resources that that the nation so vitally needs to survive. The military industrial complex is still well and more than prospering in many nations. Be it the Americans, the Chinese, the Japanese, the British, or the Germans, worldwide people are being told that their financial leaders have only their best interests in mind if only they would cooperate.

    This segment explores the thoughts of those who promote privatization. What would the world be without them as persons. Most likely someone else would emerge to take their place. Their languages and customs may differ, their ideologies may conflict, but their actions are all the same.   


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