Foreign Companies Buy US Roads, Bridges
Another sign of the cancer, potentially terminal, of global corporatism and the privitization of the public commons (or more appropriately, the ‘piratization’ of the commons).
Roads and bridges built by U.S. taxpayers are starting to be sold off, and so far foreign-owned companies are doing the buying.
On a single day in June, an Australian-Spanish partnership paid $3.8 billion to lease the Indiana Toll Road. An Australian company bought a 99-year lease on Virginia’s Pocahontas Parkway, and Texas officials decided to let a Spanish-American partnership build and run a toll road from Austin to Seguin for 50 years.
Few people know that the tolls from the U.S. side of the tunnel between Detroit and Windsor, Canada, go to a subsidiary of an Australian company - which also owns a bridge in Alabama.
So just what are we spending trillions of dollars in so-called “defense” spending to protect America from, when our country’s wealth is being shipped out the door to offshore bank accounts of the corporate rich, and the national infrastructure is being sold of to foreign interests to pay off the debt we’ve racked up to pay these corporatists with?
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