Thursday, May 10, 2007
Corporate takeover of everything?
This article describes an emerging phenomenon: privatization of public infrastructure. The reasons for it--providing ready cash for strapped local governments, reducing costs of upkeep and labor and thus lowering local taxes--seem so attractive to governments that the trend feels irrestible. The results, however, are appalling, as detailed in the article. Once all highways and bridges are owned by GM or Burger King or by blind trusts of investors (including, likely, foreigners) can our colleges be far behind? UCLA renamed FedEx U (or UPSU?), the Washington Huskies becoming the Starbucks, the Berkeley campus changed to Nike U?