Monday, April 9, 2012

Privatization is often not a good idea

"There is nothing inherently wrong with private-public partnerships. And there's certainly nothing wrong with turning a profit.
But there is something seriously wrong with turning over core services to companies that do not always have the public's best interests in mind."

This is a good opinion piece on why it is often not wise to transfer some job that government is doing and turning it over to for-profit companies.The profit motive can produce cost-cutting and risk-taking in order to build the profit for investors. In the case in the article, that meant that students were drained of a better education so capitalists could garner more money for themselves.  A word to the wise.

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