Scholar urges Kirkwood to privatize
The Show-Me Institute, a conservative think tank in Clayton, has focused most of its attention on statewide issues like health care, education and eminent domain. But it’s also interested in micro-level economic issues, as a new commentary on Kirkwood’s utilities indicates.
Show-Me policy analyst David Stokes points out that, as the only city in St. Louis County with its own electric and water utilities, Kirkwood is passing up a windfall like the $14.5 million Florissant got from selling its water system in 2002. There is a plus for city residents — they pay the same price for electricity that AmerenUE customers pay, but the profits go into city coffers rather than to utility shareholders.
Stokes concludes with a lukewarm argument for privatization. He urges the city to sell the utilities and focus on services that aren’t provided by private companies, such as police and fire protection. But, he acknowledges:
Aside from the one-time profit, however, the immediate, quantifiable savings to residents from the sale would be minimal.



David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page.
Thanks for letting readers know that the Show-Me Institute is a “conservative” think tank. It wouldn’t have hurt to let folks know that Rex Sinquefield, a rich hard right Republican, is the main funding source for the far right wing think tank. I like Naomi Klein’s definition of a “think tank”(paraphrasing here): made up of shills for the rich and paid to think by the makers of tanks. Privatizing public resources is a step back to the Gilded Age, the age of Robber Barons. Maybe Milton Friedman and Ayn Rand, and their “free”-market devotees would like this, but the vast majority would not. Only the super-rich want us to go back to having less fortunate old and disabled people selling apples on the street corner to make ends meet, as was the case was unbridled capitalism was in power in our beloved country. Read John Bogle and Naomi Klein if you want to add some diversity to your information sources. Thank you.