Re:How privatization increases inequality
by pabloski on Monday October 03, 2016 @09:32AM
(#12627299)
This and there is another reason why privatization creates inequality. It is a proven method for the oligarchs to rob public assets. First they put their friends as key figures of a public company. These people let the company rot, so its price on the market goes down. Then the oligarchs buy it at a ridiculously low price.
They even made it with an entire country: Russia. And this is why they ( the western backed oligarchs ) are screaming against Putin ( and the oligarchs backed by him ) since then.
Re:How privatization increases inequality
by tomp on Monday October 03, 2016 @09:27PM
(#12632707)
Another country where this was done almost successfully is Slovenia. But then the Great Financial Crisis happened and the "ridiculously low price" actually turned out to be too high as the companies started going bankrupt.
They even made it with an entire country: Russia. And this is why they ( the western backed oligarchs ) are screaming against Putin ( and the oligarchs backed by him ) since then.