CORPORATION HIGHWAYS

ALTERNET.ORG

Alternet.org/module/printversion/85271/?type=blog

Something new is happening in the corporate world. Investment houses, banks, corporations are buying sewers, highways, sidewalks, drinking water, roads, bridges, airports. Why are they doing this?

All of civil society as listed above has a low but consistent return on investment. When a corporation deals with risky hedge funds and CD)’s, they need to go somewhere with their money incase the risky portions go south as they have been doing lately.

So, civil society is the answer. All these supposedly public entities now are being eaten up by corporate America. In other words, the public highway that you drive on to work may be part of a corporation some day.

Thus public really becomes private and it may mean that there are new rules, regulations and funding for that road that takes you to work. Further, if the corporation goes under, what happens to the highway? The corporation may declare bankruptcy and your city or town has to pay for what is left of the road.

So in a twisted way, you underwrite the cost of the highway as it can be sold for a song to a corporation and then after they make money on it, they can cash out and you pay to retrieve the highway and refurbish it. Now that is called Corporate Socialism as you are underwriting the risk that the corporation takes when it becomes involved in sub prime loans or related.

By the way, the infrastructure is a mess in the U.S.A to the tune of roughly 10 trillion dollars.

Go figure.