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> lack of effective governance is the hidden crisis here but privatization makes that worse, by adding profit-seeking (which tends to minimize investments) to
by insane_dreamer 1y ago
> lack of effective governance is the hidden crisis here
but privatization makes that worse, by adding profit-seeking (which tends to minimize investments) to the lack of effective governance
the solution is improving governance and public investments, not privatization
(not to mention the problem with infrastructure paid for by the public over decades being sold off on the cheap to private companies who can reap the benefits thereof)
- KaiserPro 1y ago> by adding profit-seeking apart from in this instance, the amount of profit was dictated by the government as part of the franchise.
- insane_dreamer 1y agoNot the ROSCOs at least, which is a big part of the problem.