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The Privatization Putsch
Hardin, Herschel
Publisher: Institute for Research on Public Policy, Halifax, CanadaYear Published: 1989 Pages: 224pp ISBN: 0-88645-084-5 Library of Congress Number: HD3850.H37 Dewey: 338.62 Resource Type: Book Cx Number: CX4268 According to Hardin, privatization is the expression of the ideology of a right wing, corporate agenda: business wants to gets its hands on public funds and politicians are more than willing to hand over publicly owned enterprises and public services to business friends, nearly always on terms that are immensely favourable to the corporations involved. Abstract: With government and the media agressively pushing the ideology of privatization as the cure to economic problems, Harshel Hardin's Privatization Putsch is a timely expose of the truths underlying the myths. Hardin shows that privatization is not a self-evident, rational econmic formula for economic well-being. According to Hardin, privatization is the expression of the ideology of a right wing, corporate agenda: business wants to gets its hands on public funds and politicians are more than willing to hand over publicly owned enterprises and public services to business friends, nearly always on terms that are immensely favourable to the corporations involved. Hardin identifies the "privatization bureaucracy" which stands to gain from privatization: investment groups, corporations, investment dealers, securities dealers, consulting companies, bankers, lawyers, accountants, financial magazines and stockbrokers. For example, in 1986 alone, British underwriters 'earned' $200 million in fess from privatization transactions, all directly from the taxpayers' pockets. Hardin points out the irony of accusations that public enterprise is bureaucratic. He demonstrates that public enterprises are commonly less bureaucratic than private enterprise, a fact that is commonly hidden from view by ideology. As Hardin notes, private enterprise in fact breeds a huge unproductive bureaucracy involved in paper entrepreneurship, mergers and takeovers, golden parachutes, financial lobbying,etc. It is just that it is never called a bureaucracy by the media, the politicians, or the business community. Hardin strongly argues the merits and contributions of public ownership, showing that public enterprise has been crucial to the development of Canadian needs in developing enterprises when business would not take the risk. The Privatization Putsch also argues that public enterprise could be an effective way of developing decentralization of economic pwoer, and democratic ownership and control of enterprises and economic decision-making. [Abstract by Ulli Diemer] Table of Contents Foreword Avant-propos Preface 1. The Rigged Debate 2. Britain: Ideological Tag Teams and Roman Circuses 3. The Historic Failure of British Private Enterprise 4. The European Dossier 5. Shareholders' Democracy: The Counterfeit and the Real Article 6. Propaganda In. (in Britain, Propaganda PLC; in France, Propagande SA) 7. The New Bureaucracy 8. Back in Canada : BCRIC and Other Privatizations 9. Canadian Public Enterprise in Economic History 10. Community-Centred Enterprise 11. Public Enterprise in the Competitive Marketplace 12. Air Canada: Kindly Shoot Public Ownership 13. Public Enterprise Decentralizaton of Power Versus Private Enterprise Concentration of Power 14. Holding One's Own in the West 15. Scapegoating and the Canadair Case 16. The Abject Media: Houses of Dogma 17. Moving Public Enterprise Forward Notes Members of the Institute Institute Management Related Publications Available Subject Headings |