When and when not to Privatize

Thursday, February 20, 2014 - 09:45
Government vs. Business
torquewrench on Ace of Spades

Back to Capitalism 101, to wit, that you will get a good deal from privatizing something only if the thing that you're privatizing allows for vigorous and open free-market competition. Absent that competition, privatization just leads to sloth and poor outcomes.

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