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Monday, January 6, 2014

Outsourcing State and Local Government Services is About Looting





Outsourcing State and Local Government Services is About Looting

by Yves Smith, Naked Capitalism
For decades, citizens have been sold on the mantra that the hungry private sector can do a better and cheaper job of providing services than "inefficient" government. Now it is true that there were some badly run government entities that have done better when privatized (the poster child is British Telecom). But particularly on the state and local level, where voters demand a high level of accountability, this premise was always dubious.
Read more >>http://econintersect.com/wordpress/?p=45408&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+GlobalEconomicIntersection+%28Global+Economic+Intersection+Analysis+Blog%29

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