Privatization: Disposing of public sector assets at low prices and high sales commissions to powerful groups and individuals who generously supported… - Edward S. Herman

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Privatization: Disposing of public sector assets at low prices and high sales commissions to powerful groups and individuals who generously supported the ruling party’s last election campaign. It provides short-run cash windfalls to the government, while weakening its power and its cash flows in the years to come. In the Third World, a means of making valuable assets available to First World creditors and investors at fire sale prices in a situation of virtual state bankruptcy.

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About Edward S. Herman

Edward Samuel Herman (April 7, 1925 – November 11, 2017) was professor emeritus of finance at the Wharton School of Business of the University of Pennsylvania and a media analyst with a specialty in corporate and regulatory issues as well as political economy. He also taught at Annenberg School for Communication at the University of Pennsylvania. He developed, with Noam Chomsky, the propaganda model of media criticism which seeks to explain how populations are manipulated and how consent for economic, social, and political policies is "manufactured" in the public mind due to this alleged propaganda.

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Alternative Names: Edward Samuel Herman

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We will consider the facts about postwar Indochina insofar as they can be ascertained, but a major emphasis will be on the ways in which these facts have been interpreted, filtered, distorted or modified by the ideological institutions in the West.

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A few months after Khieu Samphan’s now famous “admission” that his regime was responsible for the deaths of about one-sixth of the population of Cambodia, Indonesian Prime Minister Adam Malik admitted that 50-80,000 people, close to the same percentage of the population, had been killed in East Timor in the course of what the Indonesia propaganda ministry and the New York Times called the “civil war” – that is, the U.S. backed Indonesian invasion and massacre – though one would not have discovered that fact from the U.S. media. While Khieu Samphan’s “admission” was concocted by the media and scholarship on the basis of remarks that quite possibly were never made, Malik’s admission, by contrast, was clear and explicit. A comparison of media reaction to the actual admission by Malik and the concocted “admission” by Samphan gives some insight into what lies behind the machinations of the Free Press.

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