Myth: The Public Service Sector is Inefficient and Much Too Expensive

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Sven Hergovich is an Austrian economist who urges rethinking prosperity and the relation of economics and ecology.

to read his article “Myth: The Public Service Sector is Inefficient and Much Too Expensive” published in March 2014, click on

https://www.indybay.org/newsitems/2016/11/07/18793168.php
Privatizations do not usually lead to lower prices. Privatizations often entail hidden costs. If a business saves by investing less in training, the state has to invest more. Privatizations have cost public budgets more money than they brought in. Privatizations also represent a loss of control for the state. For employees, they mostly mean staff reductions, lower wages and increasing work pressure.

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