You are correct about the Gresham's law situation - TIL :) And to clarify, I wasn't strictly referring to government when I said "public organizations". I thi

You are correct about the Gresham's law situation - TIL :) And to clarify, I wasn't strictly referring to government when I said "public organizations". I think any public institution is more or less constantly under threat from private interests, and when parts of a government are captured (as in your examples), I no longer consider that part of them a public institution. Though the fact that there's a range in the degree of capture, with the USA not doing well and a place like Switzerland doing well, I don't see it necessarily as an inevitably large property of government itself. What I find unconvincing in both anarchist and libertarian philosophies is their solutions for preventing the same sort of capture of their institutions - given that (at the very least) natural monopolies exist, and in both scenarios the institutions that are explicitly public aren't especially strong.