Licensed larceny: Infrastructure, financial extraction and the global South
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?

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Licensed larceny: Infrastructure, financial extraction and the global South
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?

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Licensed larceny: Infrastructure, financial extraction and the global South

Licensed larceny: Infrastructure, financial extraction and the global South

by Nicholas Hildyard
Licensed larceny: Infrastructure, financial extraction and the global South

Licensed larceny: Infrastructure, financial extraction and the global South

by Nicholas Hildyard

Hardcover

$120.00 
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Overview

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?


Product Details

ISBN-13: 9781784994266
Publisher: Manchester University Press
Publication date: 06/17/2016
Series: Manchester Capitalism
Pages: 144
Product dimensions: 5.70(w) x 8.60(h) x 0.60(d)

About the Author

Nicholas Hildyard works with the research and solidarity group, The Corner House, UK

Table of Contents

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

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