Ernest DeMaio, former President of the United Electrical Workers, defined privatization as:
“The practice of transferring government property, enterprises and services to private ownership. Legalized looting of public assets. The spoils that go to the winners of elections. The final step in the rip-off of the public purse.”
“The practice of transferring government property, enterprises and services to private ownership. Legalized looting of public assets. The spoils that go to the winners of elections. The final step in the rip-off of the public purse.”
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