Prisons, Colleges, and the Private-Sector Delusion

Prisons, Colleges, and the Private-Sector Delusion

11/4/2012

link

http://www.newyorker.com/online/blogs/comment/2012/06/when-privatization-doesnt-work.html

summary

This New Yorker article examines the concept of privatization and its pitfalls. It highlights cases where privatization efforts, specifically in the areas of public infrastructure and services, have not delivered the promised benefits. The author discusses the impact of privatization on public transportation, prisons, and water management, citing examples where cost-cutting measures and profit-driven motives affected the quality and accessibility of these services. The article argues against the assumption that private companies always outperform public entities, emphasizing the need for careful consideration and evaluation when implementing privatization initiatives.

tags

privatization ꞏ public sector ꞏ economy ꞏ government ꞏ politics ꞏ capitalism ꞏ neoliberalism ꞏ free market ꞏ business ꞏ corporations ꞏ public services ꞏ government policies ꞏ economic inequality ꞏ deregulation ꞏ market competition ꞏ public ownership ꞏ privatization failures ꞏ social welfare ꞏ public goods ꞏ public administration ꞏ economic efficiency ꞏ public-private partnerships ꞏ government intervention ꞏ economic policy ꞏ government control ꞏ market forces ꞏ economic reforms ꞏ fiscal responsibility ꞏ governance ꞏ public interest ꞏ market-oriented reforms ꞏ government spending ꞏ market efficiency ꞏ public sector reform ꞏ public infrastructure ꞏ government accountability ꞏ political ideology ꞏ cost-benefit analysis ꞏ profit motive ꞏ market liberalization ꞏ government contracts ꞏ public funding ꞏ public choice theory ꞏ government regulation ꞏ public opinion ꞏ privatization debates