5 ways privatization is fleecing American taxpayers
5 ways privatization is fleecing American taxpayers
Government outsourcing goes horribly wrong more often
than not. Here are a few representative horror stories
For decades weve been subjected to constant propaganda that government is inefficient, bureaucratic and expensive. Were told that the answer is to privatize, or outsource government functions to private businesses and they will do things more efficiently and everyone comes out ahead. As a result we have experienced decades of privatization of government functions.
So how has this wave of privatization worked out? Has privatization saved taxpayers money and improved services to citizens? Simple answer: of course not. If a company can make a profit doing something the government had been doing, it means that were losing out one way or another. Its simple math. And the result of falling for the privatization scam is that taxpayers have been fleeced, services to citizens have been cut way back and communities have been made poorer. But the companies that convinced governments to hand over public functions have gotten rich off of the deal. How is this a surprise?
Here are 5 privatization horror stories, where government outsourcing has gone terribly wrong. (Or maybe youd say it has gone terribly right if you are one of the companies getting the taxpayer dollars.)
Article
here.