3 ms·
That just sounds like a mismanaged city? Like obviously it might go wrong as well, just like how a private company might not have the sharpest knives.
by tokioyoyo 2y ago
That just sounds like a mismanaged city? Like obviously it might go wrong as well, just like how a private company might not have the sharpest knives.
- gottorf 2y agoUsually, for a private company, there is a forcing function (profit and loss) that incentivizes the management to ensure the knives are at least functional. Public employment doesn't have the same forcing function, and runs the risk of turning into a jobs program for the otherwise unemployable or a patronage network. Of course, none of this is exclusive to one or the other.
- bitmasher9 2y agoUtility companies operate in a semi-monopolistic way, don’t aren’t subject to the same forcing function companies in more competitive industries are.