The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

A Privatizer as “Jobs Czar”
– Really!

Jun 28, 2010

Besides heading the Los Angeles DWP, Austin Beutner is L.A.’s official “jobs czar.” When Mayor Antonio Villaraigosa appointed him “First Deputy Mayor” last January, Beutner said his goal was to create jobs.

His credentials? According to Beutner’s resume, he advised the Russian government on its “privatization strategies” in the 1990s. He then co-founded Evercore, a bank that advertises itself as providing “advisory services” to other companies on buying and selling other companies, and on “other strategic corporate transactions” – including GM’s bankruptcy, for example.

In other words, the L.A. “jobs czar” specializes in turning full-time better-paying jobs into lousy, temporary low-paying jobs for the profit of a few wealthy speculators and high rollers.