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As a limiting case, a private system can't do it cheaper than a public one. A private system needs to skim profits off the top, which will always limit how chea
by 8note 4y ago
As a limiting case, a private system can't do it cheaper than a public one. A private system needs to skim profits off the top, which will always limit how cheap it can go
- Consultant32452 4y ago"Your margin is my opportunity." ~Jeff Bezos Private is cheaper if there is competition. Monopolies are always more costly, public or private.
- ben_w 4y agoPrivate is not always cheaper — the NHS comes to mind as a counter-example, and is cheaper in part because the British government gets to act as a monopsony. While competition can indeed help illuminate new solutions, competition can also come in the form of different political parties and international comparisons.
- formerkrogemp 4y ago"You cheap, underpaid labor is my wealth. Thanks for the trip to space, nerds." - Jeff Bezos