JM2K6 wrote: Thu Feb 03, 2022 9:23 am
The private sector blows money constantly. Large corporations are incredibly ineffecient. Big projects have costs that spiral wildly out of control on a regular basis. Privatisation of services in the UK has seen incredible waste. It amazes me that people still think that "public = wasted money, private = efficient"
So, there are a few things here.
1) When a private sector company f**ks up
- it's with its own money (or shareholder money) and NOT the public's money. I'm parking up public sector procurements here (see 2).
- there is the possibility of accountability to shareholders. There is zero accountability in the public sector. Absolutely none.
- survival is not mandatory. You keep fouling up in the private sector and you go bust or get swallowed. Again, the public sector has no such threat and so those running the organisations can continue paying zero heed to improvement.
As "shareholders" in the public sector, we do not get to to say "I'm not paying any more. I'm going elsewhere".
2) " Privatisation of services in the UK has seen incredible waste". That is not the same thing. We are now in a world of worst outcome: the public sector procuring from the private sector. Basically some grunt in the NHS went from one day procuring paper clips to the next, the ambulance services for a county. And guess what? The private firms saw an opportunity to bleed these idiots dry...... well, bleed us dry actually...... because Mrs Miggins in NHS procurement gets to keep her job and final salary pension. The waste is incredible because it can be and is exactly what we should have expected. Not helped by the addition to their plain incompetence of public sector corruption: PPE contracts anyone? If we go one step further out, we have private sector profits but the public paying for losses i.e. in the so called "privatised" services such as rail or even the banks post 2008.