• henfredemars
    link
    fedilink
    English
    arrow-up
    20
    ·
    5 months ago

    I don’t understand why people think privatization will improve services. Literally the concept of privatization is to enable system to maximize profits. Why is there this fantasy that more profits means better service for you?

    • HeartyBeast@kbin.social
      link
      fedilink
      arrow-up
      8
      ·
      5 months ago

      It can work where there is real competition. For natural monopolies, not so much.

      Usually it happens because the state wants to sell off family silver to make some short term cash :(

    • SturgiesYrFase@lemmy.ml
      link
      fedilink
      arrow-up
      6
      ·
      5 months ago

      Because the trusting masses were sold the lie that the free market and trickle down economics would bring them wealth.