3 ms·
Basically you can divide the economy amd businesses into 1. infrastructure and platforms (justice, roads, utilites, networks) - where privatisation results in
by snidane 6y ago
Basically you can divide the economy amd businesses into
1. infrastructure and platforms (justice, roads, utilites, networks) - where privatisation results in disaster 99% of times
2. "typical businesses" - privatisation generally good idea
3. things inbetween (schools, healthcare) - neither fully privatized or centralized system works well. Usually a combination of both performs much better.
Eg. hybrid healthcare system deals with runaway costs by having a baseline health service provided by government and prevents soviet-style wasting, theft of material by employees, black markets and long lines forming by having a parallel market health system alongside.
Both can keep each other in check. One has to wonder why countries always deploy it in one of the pure forms.