ABSTRACT
Building on the class analytic model of the CPC developed in Chapter Four, this chapter develops three arguments. First, I demonstrate how a privatization like Central Park’s can lower a municipality’s capitalist sector’s accumulation rate. Second, I discuss how a Central Park-like privatization can undermine a municipality’s non-profit sector. These findings challenge the notion that the park’s privatization represents an exemplary model of municipal privatization, and cast a shadow over the central theoretical efficiency and cost propositions that underlie the municipal privatization discourse.
