Re:Mark Cuban offers to fund former 18f employees
by AtlasBarfed on Sunday March 02, 2025 @01:36PM
(#43233478)
The assumption is that privatization saves money, but that only happens in instances of free market competition.
That's not what governmental privatization is, instead it is the government handing a company a monopoly.
At least monopolies in the "open" market are subject to absolute price limits by customers. That's not what happens in government. They can be as inefficient as they want, and the government will fund them with "unlimited" pockets, and then they can pay a couple hundred thousand to key senators and they are home free.
At least public institutions are subject to the inherent competition between right and left wing.
That's not what governmental privatization is, instead it is the government handing a company a monopoly.
At least monopolies in the "open" market are subject to absolute price limits by customers. That's not what happens in government. They can be as inefficient as they want, and the government will fund them with "unlimited" pockets, and then they can pay a couple hundred thousand to key senators and they are home free.
At least public institutions are subject to the inherent competition between right and left wing.