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(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 marke
by 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.)