Privatization done right can make things better, but done badly it always always makes things infinitely worse. It’s almost always done badly though, by bureaucrats with vested interests.
Privatization typically prioritizes shareholders over the general public. Many things are good in theory but god awful in reality, and privatization is one of those things. It actively encourages greed and predatory practices.
Even if done “right” privatization is the wrong choice for a lot of things. Like everything that should be a service for all citizens: postal service, health care, water, electricity, …
When greed is introduced into these services people will suffer for it. Just look at all the examples of privatizations and show me where the outcome was positive for the people.
Privatization done right can make things better, but done badly it always always makes things infinitely worse. It’s almost always done badly though, by bureaucrats with vested interests.
Privatization typically prioritizes shareholders over the general public. Many things are good in theory but god awful in reality, and privatization is one of those things. It actively encourages greed and predatory practices.
Even if done “right” privatization is the wrong choice for a lot of things. Like everything that should be a service for all citizens: postal service, health care, water, electricity, …
When greed is introduced into these services people will suffer for it. Just look at all the examples of privatizations and show me where the outcome was positive for the people.