ManusJustus on 24 April 2011
Privitzing everything is bad, really bad. A simple economic understanding of private vs public goods is all that is needed to avoid market failure:
Even though 'privitzing everything' is a bad idea for the future, in the short term a large profit is made from selling. Fundamentally its the same mentality of other types of politician who run up debt, no conern for the future in favor of short term gratification. For instance, the mayor of my town privitized the public water supply; it was sold for millions of dollars so it helped the books at the time, but now the city has lot a major source of revenue and water prices increased 50% in the first two years.
