What Is It About Billionaires and Privatization?

Diane Ravitch's blog

This is a long article but well worth your time. It seems that EBay billionaire Pierrer Omidyar is underwriting a major new media venture. While he is widely hailed as a “civic-minded billionaire,” authors Mark Ames and Yasha Levine see him as a standard-bearer for what is called neoliberalism, in which free markets rule our lives.

Since this will shortly go behind a paywall, read it now. Here’s a start.

Ames and Levine write:

“We ought to be looking at business as a force for good.” – Pierre Omidyar

“Like eBay, Omidyar Network harnesses the power of markets to enable people to tap their true potential.” – Omidyar Network, “Frequently Asked Questions”

* *

The world knows very little about the political motivations of Pierre Omidyar, the eBay billionaire who is founding (and funding) a quarter-billion-dollar journalism venture with Glenn Greenwald, Laura Poitras and Jeremy Scahill. What we do know…

View original post 687 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s