Licensed Larceny: Infrastructure, Financial Extraction And The Global South University Press Scholarship Online

Licensed larceny 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 publicservices 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 thatbenefit 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 thewealth gap suggest about the need for new forms of organizing by those who would resist elite power? Cover Licensed larceny Contents List of exhibits List of boxes Acknowledgements Abbreviations Chapter1: Mise-en-scène: the injustices of wealth 1.2 Honouring capital’s ghosts 1.1 Gattopardo politics 1.3 A road map for what is to follow Notes to Chapter 1 Chapter 2: A study in financial extraction: Lesotho’s national referral hospital 2.1 The consortium 2.2 The Public–Private Partnership deal 2.3 Budgetary impacts 2.4 Who takes the risks? 2.5 Rates of return 2.6 Who gets the profits? Notes to Chapter 2 Chapter 3: Infrastructure as financial extraction 3.1 Infrastructure through finance’s eyes 3.2 Guarantee me: piracy of the public by the private 3.3 Public–Private Partnerships: bring on the (private) profits 3.4 Stand and deliver 3.5 Liens on the state Notes to Chapter 3 Chapter 4: Extraction in motion: infrastructure-as-asset-class 4.1 Yield hogs 4.2 Extraction strategies and vehicles 4.3 Fee factories 4.4 Many happy returns (for the 1%) 4.5 More guarantees, please Notes to Chapter 4 Chapter 5: Infrastructure corridors, frontier finance and the vulnerabilities of capital 5.1 Time, space and infrastructure 5.2 Corridors, hubs and cities: a whistle-stop tour 5.3 Frontier finance: whose cupboard is bare? Notes to Chapter 5 Chapter 6: Reflections for activism 6.1 The cry of injustice 6.2 Friendship as ‘the political tool of the moment’ 6.3 In support of impolite politics Notes to Chapter 6 References Inequality Is Not Just A Problem Of Poverty And The Poor; It Is As Much A Problem Of Wealth And The Wealthy. The Provision Of Public Services Is One Area Which Is Increasingly Being Reconfigured To Extract Wealth Upward To The 1%, 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. In Other Words, 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 Organising By Those Who Would Resist Elite Power? -- From Publishers. 1 Mise-en-scène: The Injustices Of Wealth ;2 A Study In Financial Extraction: Lesotho's National Referral Hospital;3 Infrastructure As Financial Extraction ;4 Extraction In Motion -- Infrastructure-as-asset-class ;5 Infrastructure Corridors, Frontier Finance And The Vulnerabilities ;6 Reflections For Activism. Nicholas Hildyard. Includes Bibliographical References (pages 100-124). 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? Inequality is not just a problem of poverty and the poor; it is as much a problem of wealth and the wealthy. The provision of public services is one area which is increasingly being reconfigured to extract wealth upward to the 1%, 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. In other words, 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 organising by those who would resist elite power? [from the publisher's website]