Re:Public and private sector efficiency
by roganp on Saturday December 13, 2014 @03:32PM
(#8746304)
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.
[ Parent
| on HN ]
This 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.