bad. as an article in CommonDreams.org calls it
Corporate Coup d’état Coming Soon to a City Near You
http://www.commondreams.org/view/2011/04/20-5Published on Wednesday, April 20, 2011 by CommonDreams.org
Corporate Coup d’état Coming Soon to a City Near You
by Rania Khalek
In her book The Shock Doctrine, Naomi Klein demonstrates how wealthy elites often use times of crisis and chaos to impose unpopular policies that restructure economies and political systems to further advance their interests. She calls these orchestrated raids on the public sphere in the wake of catastrophic events, combined with the treatment of disasters as exciting market opportunities, “disaster capitalism.”
Disaster capitalism is on display around the country, as legislators use the debt crisis afflicting their states as an opportunity to hollow out the public sector. In Michigan it’s being packaged as “emergency financial management” by Republican Gov. Rick Snyder, who is looking to exploit an economic crisis that has left his state with a severe budget deficit. In March, Snyder signed a law granting state-appointed emergency financial managers (EFM) the ability to fire local elected officials, break teachers’ and public workers’ contracts, seize and sell assets, and eliminate services, entire cities or school districts, all without any public input. He claims these dictatorial restructuring powers will keep Michigan communities out of bankruptcy.
It smells bad and it is bad. It is already being brought before courts in MI as to its constitutionality according to the State Law of MI. This is not going to be nice or pleasant and you know that the Koch Brothers have their fingerprints all over it.