4 ms·
There are a lot of responses to this comment along the lines of 'privatisation leads to more/less efficiency'. I'd like to point out that although 'efficiency'
by tmnvix 4y ago
There are a lot of responses to this comment along the lines of 'privatisation leads to more/less efficiency'. I'd like to point out that although 'efficiency' is usually the stated reason for privatisation, in reality it is often simply a distraction from the more significant (and fundamentally more ideological) consideration - providing those with capital with more investment opportunities.
Edit:
Unfortunately, because of the nature of much of what is privatised, these investment opportunities are often rent-seeking opportunities.