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An even better phrasing is that privatization works as desired until it becomes more profitable for it to work differently.

• nerdponx 7y ago
  To be fair, you could say the same about good/honest government.
  • wallace_f 7y ago
    I mean, if we're being fair, compare the domain of ICANN to the most-regulated industries such as finance, healthcare, drugs, education and housing... There is no question where prosperity and liberty are winning, and where corruption, inequity and insufficient supply/quality are dominating.
    • AstralStorm 7y ago
      Give it time. Pharma had some time to practice stinkers. Education is mostly private in the US above basic level and causes misery all around due to loans. Housing? Collusion between private and public governance. Mostly private, good luck finding public housing. Even military in the US is mostly private. Show me anything that is public. The only thing that comes to mind is roads (even there construction is private) and to lesser extent, municipal services like water and waste (also private contractors but controlled).
      • deleted 7y ago
        [deleted]
      • wallace_f 7y ago
        Ok... Education is not remotely resembling of what economists mean when they say Perfect Competition, or a free market, empowers consumers. How in the world do you believe it is not heavily interfered with?
        • xg15 7y ago
          "Perfect competition" would also require all consumers to be perfectly rational and to have full knowledge about the market. Where apart from fully automated algorithmic trading is this the case? (And even there you have market failures)