Privatization & Procurement

Photo: Nuno Coimbra (used under Creative Commons license)

Three major global consulting firms - Boston Consulting Group, McKinsey Consultants & Pricewa

Photo: Justin Valas (used under Creative Commons license)

While Iraq represents bloodshed and death on a massive scale to most people, to Private Military and Security Companies (PMSCs) it has brought a boom time, boosting the revenues of British-based PMSCs alone from £320 million in 2003 to more than £1.8 billion in 2004. In the same year income for the industry worldwide reached $100 billion.
Water experts and businesses teamed up on Tuesday to fight corruption feared to be siphoning off billions of dollars from projects to supply drinking water to the Third World.
L-3 Communications, a little-known but gigantic military contractor, provides 300 contract intelligence experts to the Pentagon in Iraq to support operations ranging from interrogation to media analysis. The secretive $426.5 million operation, which is run out of Virginia, may be a recipe for disaster, say critics.Also see related story, A Translator's Tale, by Pratap Chatterjee.
The headline read like something you might see in the conspiracy-minded Pakistani press: "Contractors Tied to Effort to Track and Kill Militants." But the story appeared in Monday's New York Times, and it highlighted some big problems that have developed in the murky area between military and intelligence activities.
Stanford University Professor Martin Carnoy, explains that while Chile's voucher experiment did little for poor schoolchildren, it was part of a broad trend towards privatizing social services. Originally published in Selling Out our Schools by Rethinking Schools.
In the face of criticism over its controversial construction projects, Bechtel has taken media manipulation to the next level, employing a three-pronged approach to weaving a rosy story for the public and investors.