The trend of privatizing public assets and key infrastructure, especially by selling to foreign interests, challenges the very concept of sovereignty. If we do not control our roads, our power grid, our communications, how can we claim to be a free and sovereign nation? Politicians are literally selling out America.
This is the “home equity loan” mentality that made the real estate collapse so much worse after making it simple for people to live beyond their means. This is a functional admission that America is broke – and broken.
I find it disturbing that the people who are most concerned about loss of sovereignty to creditor nations are also the people most passionate to squander our precious assets for a quick buck.
Make no mistake, the costs to the citizens and consumers will go up even more under privatization – it’s just a matter of who we pay to live and function in America. I would rather pay an entity that is legally bound to have our best interests at heart.
- Misdirection In Goldman Sachs’ Housing Short (businessinsider.com)
- Goldman Sachs Said to Receive Subpoena From New York Prosecutor (businessweek.com)
- An Undercover Investigation Into The Goldman Sachs-Only Counter At The Shake Shack (GS) (businessinsider.com)
- Ex-Goldman Sachs Trader Ali Gets Capital From Investcorp (businessweek.com)