There's privatization, and then there's a faux privatization that removes public ownership but retains the liabilities, inefficiencies, and obligations that mak

There's privatization, and then there's a faux privatization that removes public ownership but retains the liabilities, inefficiencies, and obligations that make publicly-owned operations into bloated behemoths that hæmorrhage money and achieve nothing. This is a situation that combines the worst of public and private enterprise.