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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… - Edward S. Herman
" "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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Edward Samuel Herman
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Additional quotes by Edward S. Herman
An important body of evidence that suggests the irrelevance of enemy atrocities to U.S. intervention in Vietnam may be found in official Washington responses to a broader spectrum of foreign atrocities. Official estimates of deliberate NLF killings in South Vietnam for the nine-year period 1958-1966 are on the order of 12,000, and the Defense Department estimates 19,578 enemy killings of civilians in South Vietnam from 1964 through September 1969. Yet in 1966 between 500,000 and 1,000,000 men, women, and children were slaughtered in Indonesia without even provoking any official U.S. protest, let alone an invasion to prevent mass murder.
In the post-Vietnam War era the need for Communist abuses has been no less pressing than before. More facts have come to light on the scope of U.S. violence in Vietnam, Cambodia, and Laos, the extent of which U.S. officials lied to the public with regard to their programs and methods, and the brazenness with which these officials defied treaty obligations and international law. Much as the government and the media tried to isolate the scoundrelism of Watergate from the much more profound immorality of the “secret” devastation of Cambodia, the linkage between the two could not be entirely concealed and therefore tended to discredit still further the campaign to bring “freedom” to South Vietnam. Counterrevolution, torture and official murder in Argentina, Guatemala, Chile, and other U.S. satellites was also reaching new peaks. Thus, if Cambodian terror did not exist, the Western propaganda systems would have had to invent it, and in certain respects it did […].
We know that our work will be assailed as “historical revisionism” and, worse, as “genocide denial,” but charges such as these are fundamentally political in nature, and we regard them as no more than cheap-shots and evasions, whose real purpose is to preempt challenges to a firmly established party-line. The regnant account is regularly protected by aggressive personal attacks on the challengers in lieu of the more arduous task of answering with evidence.
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