#privatisation

7 posts · Last used Aug 11

Replying to
@rms@mastodon.xyz Privatised fucking everything needs to stop. If is a necessary function, like aged care, public transport, education, roadways, electricity, water, health care etc etc etc Profit motive means profits are syphoned to owners not plowed back or used by authorities. Prices creep up and what was deceitfully sold as "more efficient" by corrupt politicians becomes minimum-effort, inefficient and after initial "competition" reverts back to a monopoly or a cartel. #privatization #privatisation #monopoly #diediedie
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the key Q. in the economics of private provision of public goods (from health care to energy provision) is: does the opportunity to profit from services drive innovation & the development of efficiency of delivery, or; is profit just the outcome of the willingness to cut costs, whatever the impact on services, and user satisfaction. For supporters of privatisation the former is the analysis of choice; for critics, the evidence points unerringly to the latter. #privatisation #politics
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