Our Ayn Randian Dystopia: The Five-Step Process to Privatize Everything | Alternet
"Education: A private system that pays a charter CEO 350 times more per student than the corresponding public school chancellor.
Health Care: The most expensive system in the developed world, with the price of common surgeries anywhere from three to ten times higher than in much of Europe, and with 43 percent of sick Americans skipping doctor's visits and/or medication purchases in 2011 because of excessive costs. Medicare, on the other hand, which is largely without the profit motive and the competing sources of billing, is efficiently run, for all eligible Americans.
Banking: Thanks to private banks, interest claims one out of every three dollars that we spend, and by the time we retire with a 401(k), nearly half of our money is lost to the banks. But the public bank of North Dakota (BND) had an equity return of 23.4% before the state's oil boom. The normally privatization-mindedWall Street Journal admits that the BND "is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth drop since 2003"."
