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I'll concede that's true for government agencies where the work could be done more efficiently in the for-profit world (say the USPS), but there are plenty of a
by mcknz 16y ago
I'll concede that's true for government agencies where the work could be done more efficiently in the for-profit world (say the USPS), but there are plenty of agencies whose jobs "wouldn't be done at all on the free market" because there is little profit motive, but are essential none the less. Could you imagine regulatory agencies (SEC, EPA) as for-profit entities? Job and Family services?
- endtime 16y agoThere are some private regulatory agencies already - certificate authorities, for example. Seems to pretty much work.
- mcknz 16y agoThen there are the ratings agencies (Moody's, S&P) who did such a great job during the crisis, but that's another topic altogether... :)
- randallsquared 16y agoWell, the SEC and EPA have similar recent failures to point to, to be sure. :)
- byrneseyeview 16y agoThey had strong government protections. Smaller ratings agencies like Egan-Jones have a much better record--but they lack the same legal advantages.