openpolitics.com

Corporations Will Inherit the Earth

“Whether they do it in the collective interest or in their own is very much in question,” Summers told me. “I use as a parable for a lot of things what happens in developing countries, where the urban electric system doesn’t work well, and therefore the businesses start building their own generators to take care of themselves, and therefore there’s no longer a constituency or pressure to fix the existing electricity system, and meanwhile the society is falling apart.”