Privatizing Political Power

As anyone who follows news from the U.S. Department of Justice knows, Bill Gates is an adherent of monopoly capitalism. His empire, built on privatizing public information and technology, reflects his belief in plutocracy.

Like earlier captains of industry — who used public investment to privatize political power — Gates has harnessed his fortune to evangelize on behalf of privatizing schools, prisons, and plantations.  His investments in social engineering have made it possible for Gates to largely avoid public censure.

Along with his close friend Warren Buffett, Gates is now making money shipping Tar Sands bitumen and Bakken Shale crude via tank cars on Burlington Northern Santa Fe railroad (owned by Buffett) and Canadian National Railway, of which Gates is the largest shareholder.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s