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In reply to the discussion: Need solid examples of disastrous results of privatization of public works... [View all]badtoworse
(5,957 posts)21. After reading the article, I get the impression that Jefferson County was at fault
And that the sewer system wasn't privatized, but a receiver was appointed to run it by the bankruptcy judge. That is not the same as privatizing.
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Need solid examples of disastrous results of privatization of public works... [View all]
tk2kewl
Mar 2012
OP
well, may not be exactly what you're looking for, but Charter School proponent "White Hat
zbdent
Mar 2012
#6
In such situations, the privatized asset generally earns a regulated or agreed to return on equity
badtoworse
Mar 2012
#22
"Regulated rate of return" means that someone, probably government, has the POWER to regulate...
saras
Mar 2012
#47
I've worked in the electric power business for 30 years and I know what I'm talking about.
badtoworse
Mar 2012
#48
Enron is the mew model. Your work, like mine in making products last longer, is obsolete.
saras
Mar 2012
#55
This is the list of links I am going with for now, thanks to all who contributed
tk2kewl
Mar 2012
#14
Didn't Jefferson County Alabama go bankrupt, in part, from privatizing their sewer system?
shcrane71
Mar 2012
#16
After reading the article, I get the impression that Jefferson County was at fault
badtoworse
Mar 2012
#21
Yeah, you're right. Looks like they took out a bond to pay for a sewer upgrade.
shcrane71
Mar 2012
#24
+10, and the privatizers (Enron) laughed that Grandma wouldn't be able to pay her utilities.
shcrane71
Mar 2012
#25
I will always come from a point of view that says public works and public institutions...
tk2kewl
Mar 2012
#28
I'm a consumer and a taxpayer. I want to get the services I need at the best price
badtoworse
Mar 2012
#30
The self centered comment relates to the original premise that got us talking...
tk2kewl
Mar 2012
#45