I am filled with a sense of sickness in the pit of my stomach, in my soul.
Greece to Sell State Assets to Raise 3 Billion Euros (Update1)
By Christos Ziotis and Natalie Weeks
June 2 (Bloomberg) — Greece plans to sell stakes in railway and water companies and the postal service to raise 3 billion euros ($3.7 billion) and help reduce a budget deficit that sparked the debt crisis across southern Europe.
“We decided to accelerate the privatizations process,” Greek Finance Minister George Papaconstantinou told reporters in Athens today. The government aims to raise 1 billion euros a year for the next three year from the sales.
You should understand that this is “The Plan”
The plan was that by cutting the funding for government, government would have to cut back on what it does: regulating business, protecting regular people against powerful interests, building infrastructure, educating kids, taking care of the poor and elderly. With government (We, the People) out of the way businesses could be unleashed and really start to make money. And for those who could afford to pay, private companies would take over those other functions. That was called “privatization.”