NEWSLETTER
RSS
MOBILE
HELP
SHARE
Email Confirmation
In Praise of Infrastructure Privatization
by Felix Salmon
and Yves Smith
May 03, 2007
May 03, 2007
Business Week has a huge cover story this week on infrastructure investment. "The public should be nervous" about it, says author Emily Thornton, but I think she's wrong.
I've written in the past about why lottery privatizations are a good idea, and much of the same reasoning lies behind my belief that other infrastructure privatization is a good idea too. Not that you'd guess it from Thornton's article. All of the good things that the proceeds can do are described as "short-term fiscal problems"; meanwhile, the investments themselves apparently yield more than the stock market, with less risk than bonds. Sound plausible? Not really.
...
Mobile