Who makes up the consortium the runs Chicago’s parking meters? JP Morgan, Alliance, which is a German investment bank, and the sovereign wealth fund of… Abu Dhabi. Every time you shove double the money you used to shove into those machines, it gets shipped off to this petro-state in the Middle East.
Historian Rick Perlstein gives a tour of privatized Chicago, from kindergarten test score futures markets to the international policy entrepreneurs draining city assets.
Rick joins Chuck in-studio to talk about his In These Times article How to Sell Off a City.