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Privatization doesn't fix that; the state just ends up continuing to chuck money every time the companies (who are now in charge of critical infrastructure, and
by askvictor 2y ago
Privatization doesn't fix that; the state just ends up continuing to chuck money every time the companies (who are now in charge of critical infrastructure, and thus can't be allowed to fail) cry poor. It ends up being less efficient with a bunch of extra money flowing to the private sector. At least this is the Australian experience.
- laverya 2y agoPerhaps we need to try the Tokyo model, with multiple competing subway/rail companies. But unfortunately most cities are nowhere near the size and prosperity of Tokyo.
- deleted 2y ago[deleted]
- nomel 2y ago> the state just ends up continuing to chuck money every time Then that's not a private entity, that's a government funded contractor, with the government shelling out the money with no accountability.