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Right; my point is that your "some" circumstances are precisely those under which there is no competitive pressure.
by mmirate 9y ago
Right; my point is that your "some" circumstances are precisely those under which there is no competitive pressure.
- mmirate 9y ago(Which is to say, the private sector very much does have an efficiency advantage when there is a competitive market. Because only then is everyone in that market personally motivated, by the "vice" of greed, to be virtuously efficient. The only exception is what some people call a "monopoly par excellence"; a firm without competitors which nevertheless acts as though it has them.)