Tag Archives: privatization

Meet the 7 Corporations Doing the Most to Undermine Democracy Worldwide

“Unless we’re organized and demanding responsive governments that actually meet the needs of people, it’s corporate power that’s going to set the agenda,” one organizer said.

By Olivia Rosane. Published 9-23-2024 by Common Dreams

The Amazon Spheres are three spherical conservatories that form part of the campus of Amazon’s headquarters in Seattle, Washington. Photo Buiobuione/Wikimedia Commons/CC

Big Tech, Big Oil, and private equity firms are among the leading companies that profit from controlling media and technology, accelerating the climate crisis, privatizing public goods and services, and violating human and workers’ rights, the International Trade Union Confederation revealed on Monday.

The ITUC has labeled seven major companies as “corporate underminers of democracy” that lobby against government attempts to hold them accountable and are headed by super-rich individuals who fund right-wing political movements and leaders.

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‘Argentina Stopped’: Unions Hold Second General Strike Over Milei Austerity

“It is a day of resistance and demand,” said trade groups that organized the action “in defense of democracy, labor rights, and the living wage.”

By Jessica Corbett. Published 5-10-2024 by Common Dreams

Photo: vijay banga/X

Argentina’s primary trade union federation on Thursday held another nationwide general strike, the second called since President Javier Milei, a far-right economist, took office in December and began pursuing sweeping austerity and deregulation.

The South American nation’s unions organized the strike “in defense of democracy, labor rights, and the living wage,” according to a statement from the General Confederation of Labor (CGT), the Argentine Workers’ Central Union (CTA), and the Autonomous CTA.

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Austin AFL-CIO Council Becomes Latest to Urge Biden to End Medicare Privatization Scheme

The labor council’s newly passed resolution warns that the scheme “allows doctors and their offices to convert a patients’ traditional Medicare choice into ACO-REACH coverage without first informing their patients.”

By Jake Johnson  Published 11-21-2022 by Common Dreams

Health and Human Services Secretary Xavier Becerra. Photo: Gage Skidmore/flickr/CC

The labor council of the Austin, Texas AFL-CIO has passed a resolution urging the Biden administration to terminate a Medicare privatization scheme that is quietly moving ahead despite vocal opposition from doctors, seniors, and progressive lawmakers.

The pilot program, which inserts private middlemen between patients and healthcare providers, was unveiled with little notice during the final months of the Trump administration despite internal concerns about its legality. The experiment has since been largely upheld by the Biden administration, which announced mostly cosmetic changes earlier this year, winning applause from industry groups that lobbied against complete elimination of the program. Continue reading

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‘Straight Up Fraud’: Data Confirms Private Insurers Use Medicare Advantage to Steal Billions

“The move to privatize Medicare,” said one expert, has “been very profitable, in part because insurers are good at making their patients seem sicker.”

By Kenny Stancil  Published 10=9-2022 by Common Dreams

Photo: K Whiteford/Public domain

Insurance giants are exploiting Medicare Advantage—a corporate-managed program that threatens to result in the complete privatization of traditional Medicare—to capture billions of dollars in extra profits, Saturday reporting by The New York Times confirmed.

The newspaper’s analysis of dozens of lawsuits, inspector general reports, and watchdog investigations found that overbilling by Medicare Advantage (MA) providers is so pervasive it exceeds the budgets of entire federal agencies, prompting journalist Ryan Cooper to call the program “a straight up fraud scheme.” Continue reading

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Fury Over Privatized Grid Grows as Tens of Thousands Still Without Power in Puerto Rico

Until the U.S. island’s colonial status “is rectified,” wrote one observer, “it’s a safe bet that Puerto Rico will never fully recover.”

By Kenny Stancil  Published 10-6-2022 by Common Dreams

Hurricane Fiona caused an island-wide power outage as it brought dangerous winds and pounding rain to Puerto Rico. Screenshot: WFAA

Frustration with Puerto Rico’s privatized electric grid is mounting, as roughly 82,000 people on the island of 3.2 million still lacked power on Thursday, more than two weeks after Hurricane Fiona plunged the whole U.S. territory into the dark.

Fiona rammed into Puerto Rico on September 18, five years after the much stronger Hurricane Maria triggered an islandwide blackout. In the wake of the 2017 disaster, the island’s grid was completely privatized by LUMA Energy, a joint venture owned by Canadian firm ATCO Ltd. and U.S. contractor Quanta Services Inc. Continue reading

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First Hit by Privatization, Puerto Rico in ‘Total Blackout’ as Fiona Makes Landfall

First Hurricane Maria devastated the island in 2017. Then the power grid was privatized in 2020. Now this.

By Jon Queally  Published 9-18-2022 by Common Dreams

NOAA satellite imagery as Hurricane Fiona, a Category 1 storm with sustained windspeeds of 85 mph, made landfall in Puerto Rico on Sunday, September 18, 2022. (Image: Satellite/NOAA)

A “total blackout” was reported on the island of Puerto Rico on Sunday as heavy rainfall and powerful winds pounded the island before Hurricane Fiona made landfall just before 4:00 pm local time.

Weather forecasters said the rainfall is likely to produce devastating landslides and severe flooding, with up to 25 inches (64 cm) expected in some areas. A Category 1 storm, with sustained winds of 85 mph, Fiona is nowhere near as powerful as Hurricane Maria which slammed the island in 2017, nearly five years to the day, as a Category 4 monster. Continue reading

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More Than 130 Groups Call on CFTC to Shut Down ‘Dystopian’ Water Futures Market

“In this time of global-warming-induced drought in California, the last thing we need is to gamble on our precious water resources.”

By Julia Conley.  Published 12-20-2021 by Common Dreams

Drought conditions, at a filtration pond, in Campbell, CA 2014. Photo: Tyler Bell/flickr/CC

Warning Wall Street against commodifying what has been treated since ancient history as “a common right for everyone,” more than 130 civil society groups on Monday demanded that federal regulators shut down the Chicago Mercantile Exchange’s water futures market.

Food & Water Watch organized the petition, which was sent to the Commodity Futures Trading Commission (CFTC), a year after the Chicago Mercantile Exchange (CME) opened the world’s first market for water futures contracts, based on water rights in drought-plagued California. Continue reading

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The disturbing rise of the corporate mercenaries

It’s not too late to rein in these unaccountable armed giants, but we need to act fast

By Felip Daza and Nora Miralles  Published 8-6-2021 by openDemocracy

Pre=deployment training at Tier 1 Group. Photo: T1G/Facebook

When the journalist Jamal Khashoggi was assassinated by agents of the Saudi government in 2018, it caused an international scandal. Now, it turns out that his killers were trained in the US. In June, The New York Times reported that four Saudis involved in the killing had received paramilitary training from Tier 1 Group, a private security company based in Arkansas.

This was no renegade operation, however. Tier 1 Group, whose training had approval from the US State Department, is part of a burgeoning global industry. Corporate mercenaries – or, more properly, private security and military companies – are increasingly taking over functions that were once carried out by states, with grave implications for human rights and democracy worldwide. It’s big business, too: Cerberus Capital Management, the private equity fund that owns Tier 1 Group, also owns a string of arms manufacturers. In April 2010, Cerberus merged with DynCorp International, one of the world’s largest corporate mercenary companies. Continue reading

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200+ Groups to Congress: ‘No Water Privatization’ in Any Infrastructure Deal

“We urge you to reject this proposed water privatization scam and fight for a bold package that provides the support our communities need. Do not compromise on water.”

By Jessica Corbett, staff writer for Common Dreams. Published 7-1-2021

Progressive advocacy groups are urging the White House and Congress to exclude water privatization provisions from any federal infrastructure package. Photo: Matthew Bowden – www.digitallyrefreshing.com

 

In a letter to congressional leaders on Thursday, 218 organizations urged against water privatization “in all its forms” and called on federal lawmakers to enact a “bold, uncompromising infrastructure package.”

The letter (pdf), sent to top Democrats and Republicans, was organized by Food & Water Watch, which has repeatedly criticized privatization provisions that the White House and members of Congress are considering for a bipartisan infrastructure deal that Democrats plan to pass alongside a broader reconciliation package. Continue reading

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