Schooling in the Ownership Society: J.P. Morgan: The Portuguese connection

Schooling in the Ownership Society: J.P. Morgan: The Portuguese connection:

J.P. Morgan: The Portuguese connection

by Mike Klonsky

Marching against austerity

I just got back from Portugal where austerity imposed by the IMF and other international creditors is crashing peoples' standard of living and destroying public space, including public education. As usual, the alternative to public space and public decision making is privatization and Portugal is no exception.

Guess who's pushing privatization and re-engineering Portuguese society? It's J.P. Morgan, the same investment bankers and hedge-funders who helped crash the economy here.

Reuters reports:

Portugal appointed J.P. Morgan as financial advisers in the planned privatization of the national postal service...The privatiszation is part of a wider state property sell-off by Lisbon ordered under