On Privatization's Cutting Edgetags: Rick Perlstein, The Nation, Chicago, Rahm Emanuel, Richard M. Daley
Rick Perlstein writes about the resurgent protest culture that is fighting back against Rahm Emanuels’ austerity agenda.
Last week, for the opening of the school year, I wrote about my interview with Tom Geoghegan about his (so-far) failed suit to stop Mayor Rahm Emanuel’s morally and educationally disastrous crusade to close fifty schools in Chicago. But that’s not all I talked about with Tom. “I don’t want this just to be a Mayor Emanuel–bashing session,” I said. “Because we have to bash Mayor Daley.”
Everyone, I suppose, dislikes parking meters. Chicagoans hate them even more. That’s because Mayor Richard M. Daley in 2008 struck a deal with the investment consortium Chicago Parking Meters LLC, or CPM, that included Morgan Stanley, Allianz Capital Partners and, yes, the Sovereign Wealth Fund of Abu Dhabi, to privatize our meters. The price of parking—and the intensity of enforcement—skyrocketed. The terms were negotiated in secret. City Council members got two days to study the billion-dollar, seventy-five-year contract before signing off on it. An early estimate from the Chicago inspector general was that the city had sold off its property for about half of what it was worth. Then an alderman said it was worth about four times what the city had been paid. Finally, in 2010, Forbes reported that in fact the city had been underpaid by a factor of ten.
Well, Chicagoans, Tom Geoghegan is here to tell you that the whole damn thing is illegal under the Illinois Constitution—and most other constitutions, too. He’s in the middle of a suit to have the whole thing torn up. The argument is driven by the legal theory that “a seventy-five-year-agreement to run parking meters is an unconstitutional restriction on the police power—the sovereign right of the city to control its public streets and ways…. This is a very traditional, conservative, really, argument: what the City of Chicago did was not sell the meters. They sold the police power of the city.”...
comments powered by Disqus
- WWII Atomic Bomb Project Had More Than 1,500 “Leaks”
- Neanderthal 'Art' Found In Cave Sheds Surprising New Light On Ancient Intelligence
- Midterm Election Mind-Reading: The Market Tends to Win
- Proof surfaces for affair between Queen Victoria and her male assistant
- Could humans cause another Paleocene-Eocene Thermal Maximum?
- Marcus Rediker says it was pirates, slaves, and motley crews who shaped the modern world, not the big heroes we hear so much about
- Pro-Israel website chides Middle East Studies professors, claiming they’re apologists for Hamas
- UCLA Economist, Known as Railroad Historian, Dies at 89
- David Rosand, an Art History Scholar Whose Heart Was in Venice, Dies at 75
- NYT interviews Rick Perlstein about his book