12min chapter

Cautionary Tales with Tim Harford cover image

The City That Sold Itself To Wall Street

Cautionary Tales with Tim Harford

CHAPTER

The Price of Privatization

This chapter examines the consequences of Chicago's parking meter privatization deal, revealing the frustrations residents face due to rising fees and loss of access. It highlights the long-term implications of financial decisions on public policy and urban development, along with personal stories that underscore the human cost of these agreements.

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