Privatizations have cost public budgets more money than they brought in. Privatizations also represent a loss of control for the state. For employees, privatizations mostly mean staff reductions, lower wages, and increasing work pressure.
now is a good time to ask whether the global economy is in good enough shape to withstand another major negative shock. The answer, unfortunately, is that growth and employment around the world look fragile. A big adverse surprise – like the election of Donald Trump in the US – would likely cause the stock market to crash and plunge the world into recession.
An essay I wrote just now in response to the hysteria-mongering of Alex Jones (of InfoWars.com) towards both weak and strong groups of scapegoats. His populism only adds to Misery Loves Company, I think, and seems to want to steer his masses towards the same old stupidity of war war war.