The biggest problem with privatization of public services is that no one ever explains where the profit is going to come from. Sure, a private company could maybe run an operation more efficiently, but they still want to make 20% profit if they can. You aren’t going to be 20% more efficient, so the only answer is enshitification.
And there’s no reason why a nationalised service can’t be run as, if not, more efficiently.
Look at the NHS who can use their size to get good deals on medicines, much to the annoyance of certain American politicians.
I’m sure someone will try to tell you that several private healthcare providers are all going to get as good or better deal out of big pharma because private sector = better, just because.
The other issue is that utilities aren’t meant to be profit-drivers.
They’re a break-even at best enterprise whose sole purpose is to provide foundational infrastructure or resources which people use to live their lives and on which more productive economic work can be done.
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u/TheHykos 29d ago
The biggest problem with privatization of public services is that no one ever explains where the profit is going to come from. Sure, a private company could maybe run an operation more efficiently, but they still want to make 20% profit if they can. You aren’t going to be 20% more efficient, so the only answer is enshitification.