On February 25 2025 20:57 KT_Elwood wrote:
The efficiency of the private sector also comes from FAILING businesses.
Small businesses average 8 1/2 years of lifespan.
Know what shouldn't fail or be sold after 8 1/2 years?
Public sector.
The efficiency of the private sector also comes from FAILING businesses.
Small businesses average 8 1/2 years of lifespan.
Know what shouldn't fail or be sold after 8 1/2 years?
Public sector.
There is a lot more to it. A private company can fail because it is too good, for example by becoming a threat to a giant Corp, which proceeds to buy them and wreck it.
The main problem with private companies is that they too often serve owners instead of customers or employees. It might seem "efficient" to max out a short term profit, but at what cost?
How many multi million golden parachutes for bad managers do you see in the public sector?
The public sector has to be held accountable to elected politicians, who are accountable to their voters.
The public sector is not a free-for-all of wasting money any more than the private sector is, the unfortunate mechanics are just very different.