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The Money with Katie Show
The Truth about "Government Waste," Privatizing Public Goods, & Turning Citizens into Customers
Feb 26, 2025
Donald Cohen, co-author of "The Privatization of Everything" and founder of the Research and Policy Center in the Public Interest, dives into the intricacies of government privatization. He reveals how privatization often transfers public wealth to private entities, enhancing economic inequality. Cohen critiques the myth of privatization's efficiency and discusses its adverse effects on public services like healthcare. With a focus on the consequences of austerity, he emphasizes the urgent need for citizens to advocate for their community’s welfare amid growing privatization trends.
01:18:48
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Quick takeaways
- Privatization often leads to misallocation of public funds, benefiting private entities while undermining the efficiency of essential public services.
- The narrative that government operations are inefficient fails to recognize that systemic underfunding is a critical factor affecting public service effectiveness.
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