The Perils Of Privatization

From a Ducky Naybob, excerpts from The Perils Of Privatization... found in The American Prospect.

International finance institutions, funded by the United States and other developed nations,

provide loans to developing nations on the condition that they privatize services and charge steep user fees.

Indeed, the very institutions that are charged with alleviating poverty, like the World Bank,

are implementing policies that force people who make $1 or $2 a day to choose among food, housing, or water.