DONALD TRUMP ran for office promising to spur the private sector to rebuild America’s roads, bridges and airports. But it seems that Republicans want to start their modernisation in the sky. On June 21st House Republicans unveiled a bill that would privatise air-traffic control, a policy the president announced earlier this month. If the administration is to be believed, this is just one of many privatisations that could increase efficiency and encourage infrastructure investment. Could such a national sell-off work?
Unlike much of the world, America has never seen a big push to privatise. That is partly because America did not see a wave of nationalisations after the second world war, as countries like Britain did. As a result, it has few public assets, like airlines or telephone companies, that are obvious candidates to be sold. An exception is land owned by the federal government, which covers 28% of the country. Another is the Tennessee Valley Authority, a public electrical utility...Continue reading
Source: United States http://ift.tt/2sZBOo5
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