Quotes About Public utilities

AT THE END OF WORLD WAR II, I was a New Dealer to the core. I thought government could solve all our postwar problems just as it had ended the Depression and won the war. I didn't trust big business. I thought government, not private companies, should own our big public utilities; if there wasn't enough housing to shelter the American people, I thought government should build it; if we needed better medical care, the answer was socialized medicine.

The neo-rentier objective is threefold: to reduce economies to debt dependency, to transfer public utilities into creditor hands, and then to create a rent-extracting tollbooth economy. The financial objective is to block governments from writing down debts when bankers and bondholders over-lend.

services and public utilities