Yesterday’s announcement by the Spanish government that it intends to start privatising the country’s airports and railways shouldn’t come as a surprise. The PP has steadfastly operated a policy of breaking all the promises in its manifesto and doing tons of things they never mentioned (correct me if I’m wrong on this last point).
Privatisations are a favourite demand of Christine Lagarde and the other weirdoes who troll the free market line, however transparently fictitious it is. Our infrastructures were overpaid for by us, and now will be sold off cheap and no doubt in deals that bring significant personal wealth to the brokers.
These aren’t ‘free market forces’ at work – those forces don’t really exist. This is a sort of disaster capitalism lite, being rushed through before people do the numbers. There is no ‘invisible hand’. It was always a perverse Calvinist fantasy which should have been put to bed at the same time as phrenology. No invisible hand. This is the visible hand whose name is pillage.
And lest we feel overly smug: the same will happen and has been happening in Catalonia. Independence, should it happen, will have to be very carefully managed to prevent a fire-sale, Moscow style. Unless that’s really the point of independence….