Edward Snowden and the disaster of privatization … In May, computer analyst Edward Snowden flew to China, handed over volumes of National Security Agency surveillance data to a reporter, and launched a heated national conversation about our nation’s surveillance state. Underscoring that conversation was the fact that Snowden was a private contractor, given access to a vast store of information despite having virtually no track record with the NSA or the private firm with which he was employed. Snowden’s leaks exposed a widespread lack of oversight of the contractors working at every level of our government; outsourcing can be nearly as damaging at the state and local levels as it is for federal contracts. – Reuters
Dominant Social Theme: Privatization is necessary, as regulatory democracies cannot do everything.
Free-Market Analysis: This article makes the point that privatizing the monopoly services of regulatory democracies is actually dangerous and unworkable.
Read the rest via The Daily Bell – Privatization … What Is It?.