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Private businesses can be just as inefficient but when they are and don't clean up their act they tend not to survive too long. Public institutions are indeed
by buran77 4y ago
Private businesses can be just as inefficient but when they are and don't clean up their act they tend not to survive too long.
Public institutions are indeed bound by some rules that force some inefficiencies. But after decades working both in the private and the public sectors I can say with confidence that the public sector is substantially less efficient, for a myriad of reasons, some legitimate and some not.
- 0xcde4c3db 4y ago> Private businesses can be just as inefficient but when they are and don't clean up their act they tend not to survive too long. Or they just push the inefficiencies to wherever they screw the least profitable customers, which none of their competitors especially want either.
- jasonhansel 4y ago> they tend not to survive too long. Usually they try regulatory capture or anti-competitive behavior first.