America's PFI plans are just as fucking wrong as the UK's

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Here's an excerpt from the awesome Matt Taibbi's new book. He details how America too has embraced the eructations of the Fucking Stupid Idea Box and engaged in its own version of Private Finance Initiatives. As with our own PFI deals, the idea is for authorities to lease or sell every asset they possibly can to unaccountable private entities who can then proceed to manage them in a tyrannically profit-grubbing fashion with complete disregard for the society that depends on the services and functions provided by those assets. Its classic corporate sociopathy backed by foreign investment entities with little or no love for America. A beautiful irony! I can't wait for some Tea Party spokesman to pop up and call Taibbi 'unamerican', 'an enemy of the state' or something else equally fucktarded for daring to detail how their ostensibly security-obsessed, ultra-nationalist and exceptionalist leaders have sold their country's assets to the Arabs for a fraction of their value.

Gods Bless America.

selling out the UK

In a monumental fuck-up from the Labour government the Guardian reveals how three PFI companies have moved their assets offshore, including ownership of the new Treasury Building and the Home Office.

So, not only will the tax payer be responsible for paying far over the odds for these buildings, but they will now not benefit from any tax return on the enormous profits these companies will reap from the tax payer either. Nice.