Gaius Publius: Is privatization driven by corruption? The Chicago parking meter debacle

I’ve been writing about privatization lately, a movement that’s picking up steam all over the country, and indeed all over the world. The Mubarak regime, for example, was widely considered a  ”neoliberal” and privatizing one, famous for looting the Egyptian state and economy of its wealth.

I want to just add this. Given the immensely favorable deals that governments — federal, state and local — give to their private “partners,” how can crony corruption and kickbacks not be a part of it.