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That is the point, I think. Inefficient private enterprises go belly up, and therefor stop being inefficient. There is no such corrective mechanism for govern
by roganp 12y ago
That is the point, I think. Inefficient private enterprises go belly up, and therefor stop being inefficient. There is no such corrective mechanism for government organizations.
- nn3 12y agoThis may be true for startups after the venture capital runs out, but in a lot of medium to large companies few highly profitable ventures subsidize a lot of inefficient ones. Occasionally someone may decide to start "trimming the fat": that is not different in public or private enterprises.