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To be fair, in most cases private industry can produce far more efficiently than government. Healthcare in our country is so screwed up that it may be a glarin
by jacob019 4y ago
To be fair, in most cases private industry can produce far more efficiently than government. Healthcare in our country is so screwed up that it may be a glaring exception.
- smileysteve 4y agoHeres an example of private contractors for city services going for $21m while the city realized they could do it for $7m. Turns out regulatory capture is great for middle man but horrid for costs https://www.ajc.com/news/local/sandy-springs-amid-reinvention-hires-more-than-100-workers/ntGN0D4tFWZIsXM7mPHL3M/ https://www.ajc.com/news/local/sandy-springs-amid-reinventio...
- deleted 4y ago[deleted]
- ahartmetz 4y agoPrivate industry seems best for things with no natural monopolies and high demand elasticity. Natural monopolies: you get Comcast, low demand elasticity: you get US healthcare prices.
- zeruch 4y ago"private industry can produce far more efficiently than government" and yet often chooses not to, because profit does not efficiently produce gains to customers as much as "stockholders" today, and healthcare is far from the only glaring exception, its just the most terrifying to most people. And 'efficiency' isn't the sole determinant of value.