Privatisation

Switching Off Market ‘Reforms’ in the Philippines

After two decades of aggressively privatising its public services, the Philippines is beginning to realise the cost of mindless market reforms.

Blackouts in Argentina Highlight Failings of Privatisation

Record temperatures at the start of the southern hemisphere summer in Argentina have been accompanied by highs on the thermometer of social discontent, as consumption peaks left thousands without electricity and threw into sharp focus the failings of the privatisation of the power industry in the 1990s.

Mexico Needs a Bouncer at the Oil Industry Door

As Mexico is about to open its oil industry up to foreign investment, it will need penalties for negligence and regulations that force private firms to follow best practices in order to avoid problems like oil spills, analysts say.

WTO Urged Not to Treat Water Like Widgets

As government representatives gather Tuesday in Indonesia for what could be final negotiations towards a global trade agreement under the World Trade Organisation (WTO), environmentalists and social justice campaigners are urging them to specify that water resources cannot be treated as commodities.

The Role of the State in Developing Countries under Attack from New FTAs

Two new trade agreements involving the two economic giants, the United States and the European Union, are leading a charge against the role of the state in the economy of developing countries.

Argentina’s Rail Tragedy Shows Changes Coming Too Slowly

The latest railway tragedy in the Argentine capital, the third in less than two years on the same commuter line, brought to light the severe limitations of a hybrid public-private system, despite the changes underway.

Turkey’s Excessive Neo-liberalism Threatens ‘Peace at Home’

"Peace at home, peace in the world" is the official motto of the Turkish Republic. Coined in 1931 by the republic's founder, Mustafa Kemal Ataturk, it implies a causal relationship, but the events this week in Istanbul and dozens of other cities of Turkey suggest that causality can work in reverse order, too.

Greeks Fight Canadian Gold-Diggers

Any sense of tranquility that hangs around the mountain of Skouries in northern Greece, 80 km east of Greece’s second largest city Thessaloniki, is a façade. Home to some of the oldest forests in Greece, the pristine region is now a battleground, as the local population takes on the Canadian mining giant Eldorado Gold Corporation and its local subsidiary, Hellas Gold.

Mining and Logging Companies “Leaving Chile without Water”

More than 100 environmental, social and indigenous organisations protested Monday in the Chilean capital to demand that the state regain control over the management of water, which was privatised by the dictatorship in 1981.

Mexico Mired in Oil Debates

Oil, the symbol of modern Mexico, is once again stirring up local political waters, with turbulent debates on the fate of the state-owned oil monopoly and conflicts over the privatisation of key economic and strategic areas.

A Tale of Love Letters and Poison Pens

Several dozen people filled the seats in a downtown storefront Tuesday night to plan how to save a landmark they say belongs to the community - a 99-year-old post office the United States Postal Service wants to sell.

Public Funds Could Help Provide Water and Electricity, Researchers Say

For several decades, governments around the globe have turned to privatisation as the best option to help relieve the world's destitute by providing them with health care services, water and electricity. By and large, however, this effort has failed.

Corporations Win Big in Battle Against Investment Regulation

In a world where governments are increasingly subservient to global finance capital, multinationals are gaining ground in the fight against state regulations that aim to protect the environment, public health or social policies.

President Cristina Fernández announcing the nationalisation of YPF. Credit: Office of the president of Argentina.

Renationalised YPF Aims to Bring Self-Sufficiency in Oil and Gas

After the Argentine Congress approved the renationalisation of YPF, the country’s biggest oil company, late Thursday, thousands of demonstrators from different political and social groups cheered the decision outside the legislature.

Gasfield discovered by Repsol in Huacaya, 800 km southeast of La Paz.  Credit: IPS/Photostock

Bolivia Boosts Incentives for Foreign Oil Companies

Almost six years after the nationalisation of gas and oil reserves in Bolivia, foreign companies maintain an active presence in the sector, and the government is now offering them greater incentives to increase oil production.

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