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I wish more people understood this. Where privatisation does fix things, it's usually simply because the process of privatisation gives somebody the political
by atq2119 7y ago
I wish more people understood this.
Where privatisation does fix things, it's usually simply because the process of privatisation gives somebody the political capital to implement massive organizational change, and that somebody happened to be the right person for it.
Conversely, when privatised infrastructure is a mess, it can be beneficial to have it taken over by the state. Again, the mere fact of doing so will give somebody the political capital to implement massive changes, which can fix things if that somebody happens to be the right person (or group of persons) for the job.
As a corollary, it would be possible to fix many "broken" state-run offices by enabling the right person(s) to implement massive changes. That's probably even preferable to privatisation in many cases: you still have the same risk that you didn't choose the right person for the job, but you eliminate the risk of them just cashing out.