5 ms·

Failures and inefficiency is just as common in private companies. It's just not as visible usually.

• lordnacho 6y ago
  Assuming we're not talking about private companies doing government projects, a private company will eventually run out of money if their projects fail. That's ostensibly why it's good to run certain things privately: a bunch of entities get a go at making the most popular widget and society gets the benefit of having various widgets available. The losers have their assets/staff recycled into the economy. Not saying it always works.
  • legulere 6y ago
    Companies can have more money and power than countries. There's not much keeping them from running into the same inefficiencies. Money is often secured through oligopolies that naturally occur, allowing enough money to be spent on inefficiency. I wonder if you have never seen waste at work?
    • lordnacho 6y ago
      Well that's what I mean by ostensibly and "not saying it always works". There's a long list of ways it can go wrong.