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Historically, State-run companies perform badly, for themselves and also for the economy and market as a whole. It seems this is because of the implicit State
by casenmgreen 2y ago
Historically, State-run companies perform badly, for themselves and also for the economy and market as a whole.
It seems this is because of the implicit State guarantee, and political entanglement and intervention.
- closewith 2y agoThat's an assertion, not fact. Certainly, privatisation of state companies across the EU has been a disaster and no efficiency has been gained, so I wonder where the historical record you're reading is?
- bgnn 2y agoWorst is the privatized abd heavily subsidized public transport companies.