I was a big proponent of privatization in my South American country and I'm reversing some of that position. But I still don't regret or recant the underlying t

I was a big proponent of privatization in my South American country and I'm reversing some of that position. But I still don't regret or recant the underlying theories that made me a proponent in first place. People are going all Ken Loach on this like this has been obvious all the time, but it wasn't; privatization arose as an approach to paralyzing problems (here, a phone number was an asset, like a car; you could rent it and there was an income tax law for that) and there's no outstanding alternative approach to address them. More broadly and less strongly, the same is true of globalization. The fact that these haven't lived up to promise means we are frakked. The witch was right, there is no alternative.