Downside of Privatized Government

Where to start? Corporate operator of the U.S. half of the Detroit – Windsor, Canada tunnel wants to reorganize under bankruptcy. A potential buyer of this asset in any bankruptcy sale is the fellow who operates the Ambassador Bridge over the same waterway and has Windsor city officials nervous, perhaps because of his opposition to a proposed U.S. – Canadian connection that would compete with the one he runs. So, Windsor officials’ don’t think it’s too far-fetched to fear that the wrong buyer might cement up the US side of the tunnel.  Moral of the story: Government borrows, taxes and collects fees to build and operate critical infrastructure for good reasons, which this story of foundering and politicking private operators is sure to underscore.