News (1439)

Privatization scheme bribery case ends with guilty plea on least serious charge

A series of criminal trials over a bribery scandal over a P3 privatization scheme ended last week with people admitting that $22.5 million in bribes were paid, but with no one being convicted of actually paying them. For those naïve enough to believe that the justice system does a good job of policing the privatization industry, it was a very bad week.

Source: PSI

Abuja Water Summit Rejects Privatisation Projects

Unions, civil society organisations and allies convened a Water Summit in Abuja on 29-30 January to call a halt to the water privatisation plans being foisted on the government of Nigeria and state governments by the World Bank, by the US Millennium Challenge Corporation and other groups ideologically committed to privatisation and market control.

KPTU wins termination of contract for Seoul metro Line 9

Halfway through a 10-year deal, South Korea’s capital local government decides to put an end to its contract with French private operators RATP Dev and Transdev after negotiations over renewed contract conditions failed. The announcement, on 18 January, came shortly after members of the Korean Public Service and Transport Workers’ Union (KPTU), a PSI and ITF affiliate, made public their intention to go on strike.

Source: PSI

After 3 Decades, Privatization Has Been Proven a Failure. Let’s Bury It for Good.

Handing public assets and services over to the free market has been a boon for corporate America and a disaster for the working class. Jeremy Mohler, In The Public Interest, writes that it it is time to bust "The myth that the privatization of public goods and services “saves taxpayer money.” Much like trickle-down economics, privatization is a choice—meaning, it’s ideologically and politically motivated. And it’s pushed by the same corporate interests that profit from its implementation."

Source: inthesetimes.com

Japan Enacts a Revised Water Supply Act to all for-profit PPPs

Despite the mounting evidence of the problems of public-private partnerships (PPPs), private concessions, or other forms of turning public water utilities into profit machines for private corporations, the pro-market national government of Japan snuck in a legislative provision to do just that. PSI supports Jichiro, Zensuido and allies opposing water privatisation bill in Japan.

India: is “Modicare” the answer?

The Indian government launched what it describes as the largest health insurance scheme in the world, in September. Prime Minister Narendra Modi said the 'Ayushman Bharat -Pradhan Mantri Jan Aarogya Yojana (AB-PMJAY)' programme will provide health cover to the tune of 500,000 rupees ($6,900) a year for the poorest 100 million families in the country.

Source: PSI

Morrison Government’s privatisation by stealth

There has been a sharp negative reaction to Queensland Prime Minister Scott Morrison’s alleged plans to privatize the state’s energy assets “by stealth.” Shadow Minister for Climate Change and Energy Mark Butler says “this isn’t a ‘big stick’ policy, it’s the latest version of the Liberals’ ‘big sell-off’—going after the publicly owned electricity assets that Labor Governments have refused to privatize. Privatization means higher power prices for families. Privatizing energy assets hasn’t led to lower prices or better outcomes for consumers; it has led to massive private profits and electricity prices that keep going up and up. Yet electricity privatization remains in the Liberals’ DNA.”

Source: pv magazine Australia

Privatization is part of the ongoing assault on democracy

Donald Cohen, the executive director of In the Public Interest, warns that privatization is eroding democracy. “When corporations take control of public goods like water, transit, and schools, we give them the ability to make decisions that should be made democratically by us, the public. (…) Many ‘public-private partnerships’ take decision-making power away from the public, like Virginia’s Beltway toll lanes contract, which actually requires the government to pay investors if too many people carpool.”

Source: Medium

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