Licensed larceny: Infrastructure, financial extraction and the global South

Licensed larceny: Infrastructure, financial extraction and the global South
ISBN-10
1526108976
ISBN-13
9781526108975
Category
Political Science
Pages
165
Language
English
Published
2016-06-17
Publisher
Manchester University Press
Author
Nicholas Hildyard

Description

The growing wealth gap is best viewed as a proxy for how for how effectively elites have constructed institutions that extract value from the rest of society. For inequality is not just a problem of poverty and the poor; it is as much a problem of wealth and the rich. The provision of public services is one area which is increasingly being reconfigured to extract wealth upward to the one per cent, notably through so-called Public Private Partnerships (PPPs). The push for PPPs is not about building infrastructure for the benefit of society but about constructing new subsidies that benefit the already wealthy. It is less about financing development than developing finance. Understanding and exposing these processes is essential if inequality is to be challenged. But equally important is the need for critical reflection on how the wealthy are getting away with it. What does the wealth gap suggest about the need for new forms of organizing by those who would resist elite power?

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