People & Power-Private finance or public swindle-17Mar08-Pt2

Max Keiser examines the Private Finance Initiatives being used to deliver public investment in the UK.

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News & Politics

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• and
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• Al
• Jazeera
• Samah
• El-Shahat
• Max
• Keiser

[burnowan]

Uh... no, you can't have capitalism without trading capital for capital. Using fiat currencies that have not intrinsic value to trade for goods and services that have a real value is simply another form of slavery, not capitalism.

Capitalism has and can exist, but only when not using fiat currencies as a medium of exchange, legalizing fraud (like insurance), and having the freedom to own yourself and the product of your labor (i.e. no taxes on labor).

[jklasdfjdfksl]

this amounts to nothing more than the redirecting of funds to the top, while disempowering what is left of popular representation. more max keiser.

[RGMorgan]

Haha how silly of me, it's not human nature that is at fault here, it is simply the government! Maybe the goal should be reform of the political system instead of total anarcho-capitalism?

[RGMorgan]

States have bounced on and off gold standards countless times over the centuries. He wasn't talking about that at all. Go away Libertarian.

[JRCN84]

There isn't a free market because they don't & can't exist. Capitalism can not function without the capitalist state.

As for getting "a bad view" does anyone in their right mind STILL think that the current system makes sense?

[Renegen1]

They had an open bidding system, is that the government fault that no one came to bid?

[RG415WBFAA]

This is pretty sad because people are getting a bad view about markets, speculation, and profits. This is a distorted market and private finance initiatives are still government services. Governments don't hire the best people to do good things. They hire politically favored companies and the companies getting paid will get a hugely disproportionate amount of money. This is not a failure of the free market because there is no free market! Let's try giving back the underground to taxpayers!

[BIGMEL1981]

business module that should not be implemented anywhere in the world

[jklasdfjdfksl]

the recent economic turmoil is proving once again that entrusting unaccountable markets results in profit hoarding and an evisceration of the national economy and the welfare of the people that the economy should be servicing. this was already apparent by looking at the greatly increased suffering in the third world through the IMF private "development" plans; the only standing in the way of that vicious caveman at this moment is unfortunately the state.

[jklasdfjdfksl]

it does not make sense to apply to self-serving owners for the benefit of the public, who will fight tooth and nail to push as many costs onto the public as possible and avoid accountability to the public interest as well. making the general welfare property to be won in cutthroat capital games of the ownership class can result in nothing but further disempowerment for the public. the feudal days are over, throw away the aversion to sensible individuality.