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Govt created monopolies are bad whether they are public or private. Private is worse because money is removed as profit, not just reinvested. Privatisation is
by bruce511 5y ago
Govt created monopolies are bad whether they are public or private. Private is worse because money is removed as profit, not just reinvested.
Privatisation is good if competition is fostered at the same time. For example by opening existing physical infrastructure to multiple service providers.
Where I live we had (historically) one fixed lined govt provider. When mobile arrived we got 3 private providers. With fibre we got multiple hardware installers (ie multiple companies digging fibre) and then dozens of ISPs running on that.
So far, so good.