1

DAVID ROSEN – The Privatization of the Public Sphere

The Republican Party is consolidating behind Donald Trump and, on May 12th, House Speaker Paul Ryan kissed the ring of the party’s presumptive presidential candidate, thus sending a signal to other party hacks to get in line.  And the line is getting longer every day.

Remarkably missing from the Trump-Ryan powwow was any mention of potentially contentious issues of Social Security and Medicare, federal “entitlement” programs.  Ryan has long led the effort among Republicans to kill off these programs.  He’s repeatedly called for theprivatization of Social Security by creating what he calls “voluntary retirement accounts,” essentially private investment accounts run by bankers or other money managers.  In similar fashion, Medicare would be privatized so people could purchase a private insurance plan.

Read More