Discussion about this post

User's avatar
Neural Foundry's avatar

Brilliant breakdown of how stakeholder capitalism morphed from free market ideal sinto extraction machinery. The COVID case study is especially precise on how P3s guarantee profit upfront then saddle taxpayers with invisible costs through inflaton and liability waivers. I saw similar dynamics play out in municipal infrastructure deals where "partnerships" turned into one-way wealth transfers with no accountability when things went sideways. The comparison to crony capitalism isnt harsh enough, this is legalized plunder with a corporate social responsibility veneer.

W. David Ward's avatar

Thanks for sharing this information from Catherine Austin Fitts (Solari) and I. With respect to the comments below, Catherine (and economist Richard Werner) recommend a system not dissimilar to that of the sovereign State bank of North Dakota, which has a proven track record; but in this case, public banking in conjunction with State gold depositories. I would suggest this could be the best of both worlds (no need to reinvent the wheel) :-) I hope to expand on this sometime (and thank you for everything you do here), David

1 more comment...

No posts

Ready for more?