Protected from competition, the railroad will set the costs and the shipping rules. And it will get very rich, no matter the quality of service. All because of whom its owner knows. Ayn Rand called it the power of pull. That is not free enterprise.Thanks again for the pings, Cal, BQ, and hedgie. Sorry if my ping is a repeat....but this ENTIRE article is a MUST READ!At an April, 2007 meeting in Calgary, Canada, as part of the Security and Prosperity Partnership, government officials, business leaders and academics met to discuss redistributing Canada's water to Mexico and the U.S. Southwest.
Canada has water, lots of it, and the public/private partnerships of the SPP are swarming on it like locusts as they seek to drain it out of Canada's rivers and lakes and ship it to potential profit centers south of the Canadian border.
The Trans Texas Corridor will provide water pipelines for the shipping and PPPs will buy up the rights and dispose of the water as they see fit.
To expand on that, I would like to point out something troubling.
Many states are involved with sales (or ‘monetization’) of their toll roads.
The recent bridge collapse has had a ripple effect I’ve not seen anyone explore.
Our state, who is also involved with a toll road monetization project, has ordered review of all our bridges for safety.
Of course, our state has no money to fix these bridges.
The toll road monetization plans has non-compete clauses.
These non-compete clauses protects the sold roads from competition. Exactly like the railroad example you just posted.
My guess is, the recent bridge collapse will probably perminently shut down all the access roads except for the sold roads.
And, the road sales are for toll roads. That means, if more access is needed other than the already established roads, a toll will just go up on it.
Thank you for the ping.
This is a very precisely written article. I would implore every member here to take ten minutes to read and absorbe what the author is saying.
One thing that ‘glared’ at me was the subject of eminent domain - possibly the most dangerous and frightening law the SCOTUS ever passed.
Re: bridge and privatising roads and bridges... OK... feeling the earth tipping on its axis... Sad that we can no longer even take accidents (or was it?) at face value - since our politicians will use any excuse they can to ram through their secret agendas.