"Private companies also all too frequently run off to China or Mexico looking for cheap labor, leaving behind unemployed workers and wasted cities. Public enterprises stay here, maintaining jobs and sustaining rather than abandoning our communities. Public enterprises do not force cities and states to pay millions in “incentives” to encourage them to locate in a particular area—often only to move on later, leaving discarded people and deteriorating schools, houses, roads and public services.
Also, public enterprises do not spend huge amounts of money undermining the political process through extensive pro-corporate campaign advertising and lobbying. And public corporations are open to public scrutiny, while private corporations keep most of their internal decision-making secret."
to read "Beyond Corporate Capitalism: Not So Wild a Dream" published in: The Nation, May 26, 2012, click on