Reputation is managed by networking: going drinking with the right people is often more important than delivering quality products.

Or, in the case of government contracting, providing a revolving door for people who leave government to be given lucrative private sector jobs.

G4S were selected to run a new private prison at the same time as being fined £44m for previous fraud. But then, private prisons in the UK aren't a "market" - how could they be? There's only one buyer and in practice only one seller.