Thread: Chavez moves on

Originally Posted by Marmite the Dog

Which is probably an example of poor governance, more than privatisation being bad

But they are closely related, one wouldn't happen without the other. Proper governance is impossible under privatization for obvious technical reasons. In theory, it would be great and it might happen in the short term after the privatization process when everybody is paying attention, but not in the long term when the attention is else where. This is when the abuses can start.

Originally Posted by Marmite the Dog

where the government should have control over what's happening within the private sector through anti-monopolisation regulations.

Academically yes, in reality, it's not happening. Companies grow and make a lot of money and basically regulate the industry through corrupt politicians. One could argue that privatization is so successful that it becomes a power in itself and that power threatens directly the public because its objectives are in direct contradiction with the public.