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The wisdom of, "private sector is more efficient than government" only applies when there are market incentives for efficiency: Specifically, there must be comp
by ludston 3y ago
The wisdom of, "private sector is more efficient than government" only applies when there are market incentives for efficiency: Specifically, there must be competing private businesses to lower costs, and the market consumers must not suffer from extreme negative consequences (e.g. death or homelessness) for refusing to participate.
- fuzzfactor 3y ago>"private sector is more efficient than government" only applies when there are market incentives for efficiency OTOH, depending on the government and the tax rate, the incentive for inefficiency in government itself can overwhelm any existing efficiency or incentive for that kind of thing elsewhere.