Giant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts. They are systematically buying up or gaining control of the essential lifelines of the economy. How did they pull this off, and where did they get the money?
As neighboring Argentina brings its oil supply under state control, Bolivian President Evo Morales announced last week that his government has placed the country’s electricity sector under public ownership by seizing the main power grid from a Spanish company.
As one U.S. soldier tells Truthdig foreign correspondent Anna Badkhen, it’s not entirely a bad sign that residents of Baghdad’s Saidiyah neighborhood are complaining about their meager daily power allotment: A year earlier they were concerned about just staying alive.