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> Making a profit needs to be balanced with the reason the company is in business, (i.e. the needs of its customers), its employees, and the environment. I com
by PythonicAlpha 11y ago
> Making a profit needs to be balanced with the reason the company is in business, (i.e. the needs of its customers), its employees, and the environment.
I completely agree. I also don't think, that public sector is always optimal. Public institutions some times tend to be inefficient.
The problem, I see in many privatizations, is that profits are the main (and sometimes only) motive and any efficiency improvements are put into shareholder value instead into public benefit.