Saturday, May 27, 2017

Privatizing US Infrastructure ???

President Trump once again appears to be selling out We The People:

Throughout the presidential campaign, Donald Trump blasted his rival for taking money from Saudi Arabia, which, he regularly charged, has a horrific human rights record and was behind the attack on September 11.

“You talk about women and women’s rights? So these are people that push gays off buildings. These are people that kill women and treat women horribly. And yet you take their money,” he complained.

Trump, of course, has never been married to anything he has said in the past. But even by Trumpian standards, a recent series of deals he struck with Saudi Arabia stand out.

The two that made the news - a $110 billion arms deal and a $100 million gift to an Ivanka Trump-inspired endowment - are remarkable in their own right.

But the third, which was rolled out much more quietly, is no less stunning: The Saudi kingdom joined forces with a top outside adviser to Trump to build a $40 billion war chest to privatize U.S. infrastructure.

The vehicle would employ the same kind of public-private partnerships, known as P3s, the Trump administration has endorsed for its trillion dollar infrastructure plan. The deal hands over control of projects to rebuild American roads and bridges to the private sector and a foreign country.

You can read the rest @

This is an EXTREMELY bad idea, similar to how the assets of the crumbling USSR were sold to the oligarchs for mere kopecks on the ruble.

Welcome to the market state, where everything is for sale ... and where you're only worth what you can bring on the open market.

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