> Therefore private entities are less likely to make bad purchases. This claim gets thrown around so much, I can't stand it. The bigger a company gets, the mor

> Therefore private entities are less likely to make bad purchases. This claim gets thrown around so much, I can't stand it. The bigger a company gets, the more bureaucracy you have to deal it. Many big companies/market leaders are basically no better than government agencies when it comes to efficiency. Also, I hate this idea of privatization for the sake of "efficiency". Imho some things (like healthcare) have so positive external effects on the whole economy, the should not be trimmed for profit, but for the best results instead. And, as it turns out, letting companies compete for this kinds of public infrastructure with a "winner takes it all" principle often does not quite turn out to be the most efficient choice