HUMAN WRONGS WATCH

Human Wrongs Watch

By Jomo Kwame Sundaram*

In order to make the case for privatizing state-owned enterprises, their real problems were often exaggerated in order to make the case for privatization from the 1980s.

KUALA LUMPUR, Malaysia, May 14 2019 (IPS)* – Privatization has not provided the miracle cure for the problems (especially inefficiencies) associated with the public sector.

Jomo Kwame Sundaram

The public interest has rarely been well served by private interests taking over from the public sector. Growing concern over the mixed consequences of privatization has spawned research worldwide.

Adverse economic consequences
Both Bretton Woods institutions have long been aware of the adverse impacts of privatization.

For example, IMF research acknowledged that privatization “can lead to job losses, wage cuts and higher prices for consumers”.

Human Wrongs Watch

By Prof. Vandana Shiva – YES! Magazine*

We need to value nature’s biodiversity, clean water, and seeds. For this, nature is the best teacher.

Vandana Shiva at her biodiversity farm, Navdanya, which is also where the Earth University is located. Participants learn humans’ role and responsibility in Earth Democracy, and they work with seeds and soil as living things, in the context of the entire web of life. Photo by Suzanne Lee