That's the question that Nathan Newman asks at TPM Café, and it's a damn good one:
At Progressive States, we've highlighted the potential and actual taxpayer ripoffs hidden in the industry siren song of selling off public assets like highways. States gets what looks like an attractive upfront payment, but lose in the long-term from lost toll revenue and lost democratic control of transit decisions....
I wrote about "public private partnerships" (P3) and the Gropenator's attempt to ram them down our throats in California for Random Lengths News a year ago, when he first tried to take advantage of the state financial crisis he helped to create.
I discovered it was a text-book example of the "disaster capitalism" Naomi Klein described in The Shock Doctrine.
STATE BLOGS
