Trump Privatizes America

georgephillip

Diamond Member
Dec 27, 2009
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Los Angeles, California
The $1.5 trillion infrastructure plan recently put forth will triple the costs of providing infrastructure services and price US cities and states out of the market if its implemented. "It would vastly raise the cost of living and doing business rather than making things easier for the population."

Simon Patten knew better long before Trump was born according to this Michael Hudson interview:

Trump Privatizes America


"MICHAEL HUDSON: Well, to begin with, the way that Trump’s plan is to be financed would triple the cost of what the engineers say, to $22 trillion. The reason is that it’s a Thatcherite privatization scheme. Its economic philosophy reverses the last 150 years of public infrastructure in America. In fact, it’s the biggest attack on industrial capitalism in over 100 years.

"America’s first professor of economics at the first business school – Simon Patten, at the University of Pennsylvania’s Wharton School – said that public infrastructure is a fourth factor of production.

"But it’s not like labor, land, and capital, because the role of public infrastructure is not to make a profit.

"It’s role is to provide public services that are basic for the economy’s living standards and capacity to produce, and to provide these at a subsidized rate.

"That’s how America got rich and came to dominate the world industrial economy: by publicly subsidizing its basic costs: Low-cost roads, and low-cost other infrastructure.

"The government bore these costs so that public infrastructure would subsidize the economy to lower the cost of doing business.
 
Hey George,you seem to be one of the VERY FEW here awake that sadly,Trump is no different than mass murderers Bush and Obama.would like you to make it over here to this thread soon.thanks.

Trump greatest danger to America,not Russia,China,Iran.

the american sheep fell for the propaganda of the MSM lies that reagan was a great man and great president who served americans,wonder if trump is next in line with him.He sure has lots of people fooled.I did not wake up to him myself until a couple weeks ago.
 
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They have been working hard on it, getting rid of unions, right to work states. Everything is going to cost more, after all we need to support the elites.
 
They have been working hard on it, getting rid of unions, right to work states. Everything is going to cost more, after all we need to support the elites.
Chicago is a good example of what Trump has in mind nationally:

Trump Privatizes America

"What Trump basically said is that states and cities have to let themselves be robbed blind by the hedge funds and Wall Street. Just as the hedge funds robbed Chicago blind on the parking meters – getting a huge rate of return that probably will force Mayor Rahm out of office at the next election – local governments have to let privatizers come in and vastly increase their cost of living for the infrastructure they need."

Indiana privatized toll roads that have become too expensive for many Americans to drive on; this is what Trump's public-private partnerships will bring.
 
The $1.5 trillion infrastructure plan recently put forth will triple the costs of providing infrastructure services and price US cities and states out of the market if its implemented. "It would vastly raise the cost of living and doing business rather than making things easier for the population."

Simon Patten knew better long before Trump was born according to this Michael Hudson interview:

Trump Privatizes America


"MICHAEL HUDSON: Well, to begin with, the way that Trump’s plan is to be financed would triple the cost of what the engineers say, to $22 trillion. The reason is that it’s a Thatcherite privatization scheme. Its economic philosophy reverses the last 150 years of public infrastructure in America. In fact, it’s the biggest attack on industrial capitalism in over 100 years.

"America’s first professor of economics at the first business school – Simon Patten, at the University of Pennsylvania’s Wharton School – said that public infrastructure is a fourth factor of production.

"But it’s not like labor, land, and capital, because the role of public infrastructure is not to make a profit.

"It’s role is to provide public services that are basic for the economy’s living standards and capacity to produce, and to provide these at a subsidized rate.

"That’s how America got rich and came to dominate the world industrial economy: by publicly subsidizing its basic costs: Low-cost roads, and low-cost other infrastructure.

"The government bore these costs so that public infrastructure would subsidize the economy to lower the cost of doing business.
Trump is going to raise property taxes to pay for much of this plan. Lol. Does his base know this yet? Lol
 
Trump sounds just like Thatcher
Thatcher's a prime saint of privatization, especially water:

Trump Privatizes America

"When Trump’s plan mentions water privatization, all you have to do is look at Thatcher’s water privatization in Britain. It has vastly increased the price of water. The water companies have been bought out by hedge funds, registered abroad by foreign owners who are opaque. It’s become probably the most unpopular privatization plan of all. So that part’s a disaster."
 
The $1.5 trillion infrastructure plan recently put forth will triple the costs of providing infrastructure services and price US cities and states out of the market if its implemented. "It would vastly raise the cost of living and doing business rather than making things easier for the population."

Simon Patten knew better long before Trump was born according to this Michael Hudson interview:

Trump Privatizes America


"MICHAEL HUDSON: Well, to begin with, the way that Trump’s plan is to be financed would triple the cost of what the engineers say, to $22 trillion. The reason is that it’s a Thatcherite privatization scheme. Its economic philosophy reverses the last 150 years of public infrastructure in America. In fact, it’s the biggest attack on industrial capitalism in over 100 years.

"America’s first professor of economics at the first business school – Simon Patten, at the University of Pennsylvania’s Wharton School – said that public infrastructure is a fourth factor of production.

"But it’s not like labor, land, and capital, because the role of public infrastructure is not to make a profit.

"It’s role is to provide public services that are basic for the economy’s living standards and capacity to produce, and to provide these at a subsidized rate.

"That’s how America got rich and came to dominate the world industrial economy: by publicly subsidizing its basic costs: Low-cost roads, and low-cost other infrastructure.

"The government bore these costs so that public infrastructure would subsidize the economy to lower the cost of doing business.
Trump is going to raise property taxes to pay for much of this plan. Lol. Does his base know this yet? Lol
Trump may be in the dark about value capture financing?

Trump Privatizes America

"Value capture financing is a wonderful idea. It’s so wonderful, I don’t know how it got into the plan. It recognizes that if you build transportation along a route, like New York City’s Second Avenue Subway, that transportation is going to increase the value of land and real estate all along the route. People are going to have closer access to the subways, or to roads and railroads. Many Hollywood movies in the 1930s were all about the corruption involved in building roads up to politicians’ houses."
 
The $1.5 trillion infrastructure plan recently put forth will triple the costs of providing infrastructure services and price US cities and states out of the market if its implemented. "It would vastly raise the cost of living and doing business rather than making things easier for the population."

Simon Patten knew better long before Trump was born according to this Michael Hudson interview:

Trump Privatizes America


"MICHAEL HUDSON: Well, to begin with, the way that Trump’s plan is to be financed would triple the cost of what the engineers say, to $22 trillion. The reason is that it’s a Thatcherite privatization scheme. Its economic philosophy reverses the last 150 years of public infrastructure in America. In fact, it’s the biggest attack on industrial capitalism in over 100 years.

"America’s first professor of economics at the first business school – Simon Patten, at the University of Pennsylvania’s Wharton School – said that public infrastructure is a fourth factor of production.

"But it’s not like labor, land, and capital, because the role of public infrastructure is not to make a profit.

"It’s role is to provide public services that are basic for the economy’s living standards and capacity to produce, and to provide these at a subsidized rate.

"That’s how America got rich and came to dominate the world industrial economy: by publicly subsidizing its basic costs: Low-cost roads, and low-cost other infrastructure.

"The government bore these costs so that public infrastructure would subsidize the economy to lower the cost of doing business.
Trump is going to raise property taxes to pay for much of this plan. Lol. Does his base know this yet? Lol
Trump may be in the dark about value capture financing?

Trump Privatizes America

"Value capture financing is a wonderful idea. It’s so wonderful, I don’t know how it got into the plan. It recognizes that if you build transportation along a route, like New York City’s Second Avenue Subway, that transportation is going to increase the value of land and real estate all along the route. People are going to have closer access to the subways, or to roads and railroads. Many Hollywood movies in the 1930s were all about the corruption involved in building roads up to politicians’ houses."
I don't know that he is in the dark. His base.......probably. I would like to see a conservative agree with Michael Hudson about how great it is. Lol
 
The lesson here for conservatives is to be careful voting for a New York liberal. You might just get what you voted for. Lol
 
The $1.5 trillion infrastructure plan recently put forth will triple the costs of providing infrastructure services and price US cities and states out of the market if its implemented. "It would vastly raise the cost of living and doing business rather than making things easier for the population."

Simon Patten knew better long before Trump was born according to this Michael Hudson interview:

Trump Privatizes America


"MICHAEL HUDSON: Well, to begin with, the way that Trump’s plan is to be financed would triple the cost of what the engineers say, to $22 trillion. The reason is that it’s a Thatcherite privatization scheme. Its economic philosophy reverses the last 150 years of public infrastructure in America. In fact, it’s the biggest attack on industrial capitalism in over 100 years.

"America’s first professor of economics at the first business school – Simon Patten, at the University of Pennsylvania’s Wharton School – said that public infrastructure is a fourth factor of production.

"But it’s not like labor, land, and capital, because the role of public infrastructure is not to make a profit.

"It’s role is to provide public services that are basic for the economy’s living standards and capacity to produce, and to provide these at a subsidized rate.

"That’s how America got rich and came to dominate the world industrial economy: by publicly subsidizing its basic costs: Low-cost roads, and low-cost other infrastructure.

"The government bore these costs so that public infrastructure would subsidize the economy to lower the cost of doing business.
Trump is going to raise property taxes to pay for much of this plan. Lol. Does his base know this yet? Lol
Trump may be in the dark about value capture financing?

Trump Privatizes America

"Value capture financing is a wonderful idea. It’s so wonderful, I don’t know how it got into the plan. It recognizes that if you build transportation along a route, like New York City’s Second Avenue Subway, that transportation is going to increase the value of land and real estate all along the route. People are going to have closer access to the subways, or to roads and railroads. Many Hollywood movies in the 1930s were all about the corruption involved in building roads up to politicians’ houses."
I don't know that he is in the dark. His base.......probably. I would like to see a conservative agree with Michael Hudson about how great it is. Lol
Maybe Trump has carved out an exception for his real estate?

Trump Privatizes America


"The guiding idea is that in the future, if New York City were to do something like building the Second Avenue Subway for $3 billion, that this would raise the rental value. It already has raised property valuations along the subway line by $6 billion, because people now don’t have to walk a mile to the overcrowded Lexington Subway.

"Under Trump’s plan, in order to get federal funding, cities would have to help themselves by recapturing the real estate value created by this added transportation, instead of leaving the gains in the hands of the landlords.

"That was what happened with the Second Avenue Subway extension, and also the West Side extension to the Javits Center. This increased real estate values all along there. Rebuilding Wall Street’s luxurious subway station cost, another 3 billion.

This is the best idea of the plan, and the one thing that should be kept – which is, of course, why the Democrats don’t mention it at all. They’re backing the real estate and the financial interests. Rick Rybeck has written a wonderful article on this recently. There are a lot of followers of Henry George that love this aspect of the plan."
 
The $1.5 trillion infrastructure plan recently put forth will triple the costs of providing infrastructure services and price US cities and states out of the market if its implemented. "It would vastly raise the cost of living and doing business rather than making things easier for the population."

Simon Patten knew better long before Trump was born according to this Michael Hudson interview:

Trump Privatizes America


"MICHAEL HUDSON: Well, to begin with, the way that Trump’s plan is to be financed would triple the cost of what the engineers say, to $22 trillion. The reason is that it’s a Thatcherite privatization scheme. Its economic philosophy reverses the last 150 years of public infrastructure in America. In fact, it’s the biggest attack on industrial capitalism in over 100 years.

"America’s first professor of economics at the first business school – Simon Patten, at the University of Pennsylvania’s Wharton School – said that public infrastructure is a fourth factor of production.

"But it’s not like labor, land, and capital, because the role of public infrastructure is not to make a profit.

"It’s role is to provide public services that are basic for the economy’s living standards and capacity to produce, and to provide these at a subsidized rate.

"That’s how America got rich and came to dominate the world industrial economy: by publicly subsidizing its basic costs: Low-cost roads, and low-cost other infrastructure.

"The government bore these costs so that public infrastructure would subsidize the economy to lower the cost of doing business.
Trump is going to raise property taxes to pay for much of this plan. Lol. Does his base know this yet? Lol
Trump may be in the dark about value capture financing?

Trump Privatizes America

"Value capture financing is a wonderful idea. It’s so wonderful, I don’t know how it got into the plan. It recognizes that if you build transportation along a route, like New York City’s Second Avenue Subway, that transportation is going to increase the value of land and real estate all along the route. People are going to have closer access to the subways, or to roads and railroads. Many Hollywood movies in the 1930s were all about the corruption involved in building roads up to politicians’ houses."
I don't know that he is in the dark. His base.......probably. I would like to see a conservative agree with Michael Hudson about how great it is. Lol
Maybe Trump has carved out an exception for his real estate?

Trump Privatizes America


"The guiding idea is that in the future, if New York City were to do something like building the Second Avenue Subway for $3 billion, that this would raise the rental value. It already has raised property valuations along the subway line by $6 billion, because people now don’t have to walk a mile to the overcrowded Lexington Subway.

"Under Trump’s plan, in order to get federal funding, cities would have to help themselves by recapturing the real estate value created by this added transportation, instead of leaving the gains in the hands of the landlords.

"That was what happened with the Second Avenue Subway extension, and also the West Side extension to the Javits Center. This increased real estate values all along there. Rebuilding Wall Street’s luxurious subway station cost, another 3 billion.

This is the best idea of the plan, and the one thing that should be kept – which is, of course, why the Democrats don’t mention it at all. They’re backing the real estate and the financial interests. Rick Rybeck has written a wonderful article on this recently. There are a lot of followers of Henry George that love this aspect of the plan."
Maybe
 
The $1.5 trillion infrastructure plan recently put forth will triple the costs of providing infrastructure services and price US cities and states out of the market if its implemented. "It would vastly raise the cost of living and doing business rather than making things easier for the population."

Simon Patten knew better long before Trump was born according to this Michael Hudson interview:

Trump Privatizes America


"MICHAEL HUDSON: Well, to begin with, the way that Trump’s plan is to be financed would triple the cost of what the engineers say, to $22 trillion. The reason is that it’s a Thatcherite privatization scheme. Its economic philosophy reverses the last 150 years of public infrastructure in America. In fact, it’s the biggest attack on industrial capitalism in over 100 years.

"America’s first professor of economics at the first business school – Simon Patten, at the University of Pennsylvania’s Wharton School – said that public infrastructure is a fourth factor of production.

"But it’s not like labor, land, and capital, because the role of public infrastructure is not to make a profit.

"It’s role is to provide public services that are basic for the economy’s living standards and capacity to produce, and to provide these at a subsidized rate.

"That’s how America got rich and came to dominate the world industrial economy: by publicly subsidizing its basic costs: Low-cost roads, and low-cost other infrastructure.

"The government bore these costs so that public infrastructure would subsidize the economy to lower the cost of doing business.
Well, this is somewhat more applicable today.

lead_960.jpg

upload_2018-2-14_21-56-36.png


Recall the 2017 BS Tax Cuts for one.
 
The lesson here for conservatives is to be careful voting for a New York liberal. You might just get what you voted for. Lol
Here's a 15 minute video of Hudson's TRNN interview
Trump Privatizes America
Thanks, I watched it already. I like Michael Hudson.
When Hudson left the University of Chicago in 1961 he had no intention of becoming an economist. He changed his mind after a conversation with a recently retired GE Macroeconomist:

http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (PP.i-ii)

"That very evening I decided to become an economist. Soon I enrolled in graduate study and sought work on Wall Street, which was the only practical way in practice to see how economies really functioned..."

"The topics that most interested me – and the focus of this book – were not taught at New York University where I took my graduate economics degrees.

"In fact, they are not taught in any university departments: the dynamics of debt, and how the pattern of bank lending inflates land prices, or national income accounting and the rising share absorbed by rent extraction in the Finance, Insurance and Real Estate (FIRE) sector.

"There was only one way to learn how to analyze these topics: to work for banks.

"Back in the 1960s there was barely a hint that these trends would become a great financial bubble. But the dynamics were there, and I was fortunate enough to be hired to chart them."
 
The $1.5 trillion infrastructure plan recently put forth will triple the costs of providing infrastructure services and price US cities and states out of the market if its implemented. "It would vastly raise the cost of living and doing business rather than making things easier for the population."

Simon Patten knew better long before Trump was born according to this Michael Hudson interview:

Trump Privatizes America


"MICHAEL HUDSON: Well, to begin with, the way that Trump’s plan is to be financed would triple the cost of what the engineers say, to $22 trillion. The reason is that it’s a Thatcherite privatization scheme. Its economic philosophy reverses the last 150 years of public infrastructure in America. In fact, it’s the biggest attack on industrial capitalism in over 100 years.

"America’s first professor of economics at the first business school – Simon Patten, at the University of Pennsylvania’s Wharton School – said that public infrastructure is a fourth factor of production.

"But it’s not like labor, land, and capital, because the role of public infrastructure is not to make a profit.

"It’s role is to provide public services that are basic for the economy’s living standards and capacity to produce, and to provide these at a subsidized rate.

"That’s how America got rich and came to dominate the world industrial economy: by publicly subsidizing its basic costs: Low-cost roads, and low-cost other infrastructure.

"The government bore these costs so that public infrastructure would subsidize the economy to lower the cost of doing business.
Well, this is somewhat more applicable today.

lead_960.jpg

View attachment 176816

Recall the 2017 BS Tax Cuts for one.
Perhaps those 2017 tax cuts and Trump's plan for upgrading infrastructure are just examples of government borrowing from elites instead of taxing them?
 
The $1.5 trillion infrastructure plan recently put forth will triple the costs of providing infrastructure services and price US cities and states out of the market if its implemented. "It would vastly raise the cost of living and doing business rather than making things easier for the population."

Simon Patten knew better long before Trump was born according to this Michael Hudson interview:

Trump Privatizes America


"MICHAEL HUDSON: Well, to begin with, the way that Trump’s plan is to be financed would triple the cost of what the engineers say, to $22 trillion. The reason is that it’s a Thatcherite privatization scheme. Its economic philosophy reverses the last 150 years of public infrastructure in America. In fact, it’s the biggest attack on industrial capitalism in over 100 years.

"America’s first professor of economics at the first business school – Simon Patten, at the University of Pennsylvania’s Wharton School – said that public infrastructure is a fourth factor of production.

"But it’s not like labor, land, and capital, because the role of public infrastructure is not to make a profit.

"It’s role is to provide public services that are basic for the economy’s living standards and capacity to produce, and to provide these at a subsidized rate.

"That’s how America got rich and came to dominate the world industrial economy: by publicly subsidizing its basic costs: Low-cost roads, and low-cost other infrastructure.

"The government bore these costs so that public infrastructure would subsidize the economy to lower the cost of doing business.
Well, this is somewhat more applicable today.

lead_960.jpg

View attachment 176816

Recall the 2017 BS Tax Cuts for one.
Perhaps those 2017 tax cuts and Trump's plan for upgrading infrastructure are just examples of government borrowing from elites instead of taxing them?

Taxing elites are not paid interest or can they apply for bankruptcy to not pay taxes in most cases.
Loans are paid back with interest and gobmint can default or pay less like doing
a bankruptcy on the elites.
 
The $1.5 trillion infrastructure plan recently put forth will triple the costs of providing infrastructure services and price US cities and states out of the market if its implemented. "It would vastly raise the cost of living and doing business rather than making things easier for the population."

Simon Patten knew better long before Trump was born according to this Michael Hudson interview:

Trump Privatizes America


"MICHAEL HUDSON: Well, to begin with, the way that Trump’s plan is to be financed would triple the cost of what the engineers say, to $22 trillion. The reason is that it’s a Thatcherite privatization scheme. Its economic philosophy reverses the last 150 years of public infrastructure in America. In fact, it’s the biggest attack on industrial capitalism in over 100 years.

"America’s first professor of economics at the first business school – Simon Patten, at the University of Pennsylvania’s Wharton School – said that public infrastructure is a fourth factor of production.

"But it’s not like labor, land, and capital, because the role of public infrastructure is not to make a profit.

"It’s role is to provide public services that are basic for the economy’s living standards and capacity to produce, and to provide these at a subsidized rate.

"That’s how America got rich and came to dominate the world industrial economy: by publicly subsidizing its basic costs: Low-cost roads, and low-cost other infrastructure.

"The government bore these costs so that public infrastructure would subsidize the economy to lower the cost of doing business.
Well, this is somewhat more applicable today.

lead_960.jpg

View attachment 176816

Recall the 2017 BS Tax Cuts for one.
Perhaps those 2017 tax cuts and Trump's plan for upgrading infrastructure are just examples of government borrowing from elites instead of taxing them?
If you wanted to add 1.5 trillion of new debt for infrastructure spending without pissing off your base by directly adding it to the debt, how would you do it?
 
The $1.5 trillion infrastructure plan recently put forth will triple the costs of providing infrastructure services and price US cities and states out of the market if its implemented. "It would vastly raise the cost of living and doing business rather than making things easier for the population."

Simon Patten knew better long before Trump was born according to this Michael Hudson interview:

Trump Privatizes America


"MICHAEL HUDSON: Well, to begin with, the way that Trump’s plan is to be financed would triple the cost of what the engineers say, to $22 trillion. The reason is that it’s a Thatcherite privatization scheme. Its economic philosophy reverses the last 150 years of public infrastructure in America. In fact, it’s the biggest attack on industrial capitalism in over 100 years.

"America’s first professor of economics at the first business school – Simon Patten, at the University of Pennsylvania’s Wharton School – said that public infrastructure is a fourth factor of production.

"But it’s not like labor, land, and capital, because the role of public infrastructure is not to make a profit.

"It’s role is to provide public services that are basic for the economy’s living standards and capacity to produce, and to provide these at a subsidized rate.

"That’s how America got rich and came to dominate the world industrial economy: by publicly subsidizing its basic costs: Low-cost roads, and low-cost other infrastructure.

"The government bore these costs so that public infrastructure would subsidize the economy to lower the cost of doing business.
Well, this is somewhat more applicable today.

lead_960.jpg

View attachment 176816

Recall the 2017 BS Tax Cuts for one.
Perhaps those 2017 tax cuts and Trump's plan for upgrading infrastructure are just examples of government borrowing from elites instead of taxing them?
If you wanted to add 1.5 trillion of new debt for infrastructure spending without pissing off your base by directly adding it to the debt, how would you do it?
I'm a little fuzzy on that one.
Perhaps I would start with rethinking that "balanced budget" thing?

Analysis | The Daily 202: Trump budget highlights disconnect between populist rhetoric and plutocrat reality


"Trump repeatedly promised that he would balance the budget 'very quickly.' It turns out that a guy who has often described himself as the 'king of debt' didn’t feel that passionately about deficits.

"Last year, he laid out a plan to balance the budget in 10 years.

"This year he didn’t even try.

"Trump now accepts annual deficits that will run over $1 trillion as the new normal.

"Going further, the president also promised on the campaign trail that he’d get rid of the national debt altogether by the end of his second term.

"But his White House now projects that the national debt, which is already over $20 trillion, will grow more than $2 trillion over the next two years and by at least $7 trillion over the next decade.

"The administration repeatedly denied this in December as officials pushed to cut taxes by $1.5 trillion."

And I suppose $1.5 trillion in tax cuts might soften the blow for some?
 

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