Quote:
Originally Posted by Butterfly
I don't understand the debate about state run enterprise efficiency. Any firm with a monopoly or over 10,000 employees is not going to be run efficiently. The only efficiency in those private companies is screwing the employees pay and benefits to pay for the boss big bonus at the end of the year.
To put it poigantly:
Private companies have an interest in efficiency to maximise profits, if for nothing else.
State run monopolies fear neither competition nor financial losses.
I'd say in the last 150 years we have seen the advantages and disadvantages of both.
Perhaps
change is a key element, whenever one system unfolds its disadvantages, it will eventually be replaced.