[lbo-talk] Is Goldman Sachs Buying LA?

lbo83235 lbo83235 at gmail.com
Fri Jun 17 10:52:21 PDT 2011


On Jun 17, 2011, at 7:27 PM, Doug Henwood wrote:


> On Jun 17, 2011, at 1:20 PM, lbo83235 wrote:
>
>> Given what we've just witnessed in the mortgage market, shouldn't we default toward the gravest alarm at essentially *any* prospect of the same thing happening to municipal infrastructure?
>
> Why does the critique have to be limited to opaque and risky derivatives? Why can't you just say, "Don't privatize the public infrastructure. It's about public service, not private profit."

Absolutely - but now you're advocating that we "critique" our way out from under capitalism? I don't mean to sound cheeky - really not - but of both this and your previous post I feel like I need to ask: Where's the outrage? Please take that with the respect intended; it's not a question I even bother with for people I don't hold in pretty high regard.



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