Thursday, April 21, 2011

Privatization

Under globalization, state policy on everything -- including energy -- is determined by investment bank portfolios. An example of those is the oil portfolio of Goldman Sachs, who incidentally also financed the election of President Obama. His intervention on behalf of that investment led directly to the BP Gulf oil spill. I assume other portfolios, including nuclear power, will likewise be lavished with preferential treatment by the Obama administration.

Privatization, the conversion of public assets into private Wall Street portfolios, is the main mission of politicians under globalization. Synchronized with the efforts of UN agencies like the IMF and World Bank, these portfolios are now cannibalizing public health and education worldwide. Obama, like his idol Ronald Reagan, is not in a trance; he believes in the Free Market doctrine.

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