Republicans in Michigan have come up with a revolutionary solution to the state's growing budget crisis: claim the right to auction off entire municipal entities, like cities, counties, school districts and water systems.
In a new bill being pushed by Governor Rick Snyder (R), the governor, or a company hired by the governor, would have the power to declare municipal entities insolvent. Amid the fiscal emergency, the governor or the governor's agent would then be empowered to appoint an emergency manager to oversee all financial matters.
Under language in the bill, that individual would be able to cancel any and all contracts -- including collective bargaining rights for unions -- and outright dis-incorporate whole cities, dismissing lawfully elected officials in the process.
In short, "they want a corporate monopoly state," author Naomi Klein explained during an appearance on Wednesday's Rachel Maddow Show on MSNBC.
This video is from The Rachel Maddow Show, broadcast Wednesday, March 9, 2011.