4 ms·
"so much waste" is always the excuse for privitisation of public corporations. I fail to see why it matters when after privitisation you get the added profit mo
by lumberjack 10y ago
"so much waste" is always the excuse for privitisation of public corporations. I fail to see why it matters when after privitisation you get the added profit motive and costs go up.
The Dutch health care system is a prime example. After partial privisation costs went up.
- zigzigzag 10y agoBecause it's possible for the efficiencies gained to be larger than the profits. For that you normally need competition to keep profits in check. Governments are quite bad at 'designing' markets to have adequate levels of competition but it can happen. Privatised telecoms markets are the canonical example of this. Not many would go back to the days of state-run telco monopolies.