Power of Story
Send a Tweet        
- Advertisement -

Share on Google Plus 1 Share on Twitter 1 Share on Facebook 5 Share on LinkedIn Share on PInterest 1 Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (8 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)
OpEdNews Op Eds

Hats Off To Mother Jones

By       Message Paul Craig Roberts     Permalink
      (Page 1 of 1 pages)
Related Topic(s): ; ; , Add Tags Add to My Group(s)

Must Read 2   Well Said 2   Supported 2  
View Ratings | Rate It

opednews.com Headlined to H4 8/23/16

Author 12495
Become a Fan
  (400 fans)
- Advertisement -

Reprinted from Paul Craig Roberts Website

How many Americans know that America has privatized prisons, the shares of which are listed on stock exchanges? Free market ideologues provided cover for corrupt Republican politicians to divert taxpayers' hard-earned money to favored political insiders with the false claim that prisons run by private owners are more cost effective.

A Mother Jones reporter took a job as a private prison guard and found that private prisons are places of unimaginable violence. In response to the report published in Mother Jones, high ranking US Department of Justice officials have said that the federal government will cease contracting with privatized prisons.

- Advertisement -

Republicans learned to use libertarian "free market" ideologues in order to feather their own nests. Privatization, favored by libertarians, is the Republican way of turning public functions into million dollar businesses for themselves and their friends. In the case of the armed forces, the privatized parts of the US military are multi-billion dollar businesses.

Most Americans are too brainwashed to understand that Obamacare is not "socialized medicine." Obamacare is privatized medicine. Obama permitted the private insurance companies to write Obamacare. What Obamacare does is to divert federal subsidies into the pockets of private insurance companies. The deductibles and co-pays are so high that those who qualify for the subsidized premiums cannot afford to use the policies.

Republicans intend to privatize Medicare and Social Security. The road to Medicare privatization is the small percentage of medical billings that Medicare pays. Medical care providers are beginning to find that it is unprofitable to provide care to Medicare patients. When doctors cease to provide care under Medicare, the massive payroll tax revenues will be diverted into the hands of "more efficient" private providers.

- Advertisement -

The road to Social Security privatization is the "reform" of the consumer price index, which under-measures inflation in order to deny Social Security recipients cost-of-living-adjustments. The continuing decline in the real value of Social Security benefits will result in large-scale economic distress. This distress will be used to discredit the Social Security system and to privatize it.

Whenever you hear "privatization," you are hearing the formation of a scam that will create riches for insiders while taking the public to the cleaners.

- Advertisement -

 

- Advertisement -

Must Read 2   Well Said 2   Supported 2  
View Ratings | Rate It

http://www.paulcraigroberts.org/

Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His books, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon



Go To Commenting
/* The Petition Site */
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Libya - The DC/NATO Agenda And The Next Great War

A Story...The Last Whistleblower

The Road to Armageddon

American Job Loss Is Permanent

Pakistan TV Report Contradicts US Claim of Bin Laden's Death