12/8/16 Re: Private Investment can break state's infrastructure logjam
Ed
Ring’s column contends privatizing infrastructure “breaks a logjam” and
is more profitable for investors like pensions. But privatizing
infrastructure turns an economy's competitive advantage into toll booths
that feed the financial class, turning the 99% into debt peons.
Financing
is nearly half of infrastructure's cost, and historically public
financing paid for most infrastructure. The Federal Reconstruction
Finance Corporation paid for the Tennessee Valley Authority and the
first Bay Bridge. Goldman Sachs provided the money for the Bay Bridge
rebuild. The first case recycled the interest paid into public goods and
a booming economy. In the second, the money went to Wall Street.
The
public/private partnership baloney tells us public is always second
rate--please ignore that North Dakota's publicly owned state bank is
even more profitable than Goldman Sachs. A privatized infrastructure
replete with toll booths makes America less competitive. It is a
liability, not an asset.
re:
11/6/2016 Marcos Breton's "California's not ready for legal
recreational marijuana" (included because the Bee's edits toned things
down considerably)
Marcos
Breton is apparently tired of telling the kids to stay off his lawn,
now he's telling California to stay off the weed. Sure, he may be
correct in saying adversity may accompany that newly available high, but
he leaves out so much.
For
example, if prohibition and criminalizing drugs is such a good way to
go, why has it failed so miserably? If the U.S. were just an *average*
country, four out of five of those it incarcerates would not be in
prison. As conservative former Senator Jim Webb observes: "Either we are
home to the most evil people on earth or we're doing something vastly
counterproductive."
Gateway
drugs? Tobacco and alcohol are far better predictors of later hard drug
use, and far more toxic. Most U.S. drug policy is not founded on facts
or science. Bigotry, prejudice, superstition and ignorance are its
foundations...like Breton's columns.
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