Privatization leads to the concentration of wealth and power in the hands of a few from "summary" of Profit Over People by Noam Chomsky
The process of privatization, transferring control of crucial resources and decision-making from the public sector to the hands of private interests, has far-reaching consequences that are often overlooked. At its core, privatization is about consolidating power and wealth into the hands of a select few, essentially creating a system that benefits the privileged while leaving the majority at a disadvantage. This shift in control has profound implications for society as a whole, as it alters the balance of power and influence in ways that are detrimental to the common good. When essential services and resources such as healthcare, education, and infrastructure are privatized, they are no longer governed by principles of public accountability and transparency. Instead, decisions about these vital aspects of society are made based on profit motives rather than the needs of the people. This leads to a situation where access to quality services becomes increasingly dependent on one's ability to pay, effectively marginalizing those who are unable to afford the privatized services. Fu...
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