Prisons Run by C.E.O.s? Privatization Under Trump Could Carry a Heavy Price
“There’s a magical thinking among business executives that something about the profit motive makes everything run better,” noted Raymond Fisman, a professor of economics at Boston University. […] A serious body of economics, not to mention reams of evidence from decades of privatizations around the world, suggests this belief is false.
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Of course, the government can also do a horrible job of running things. And private … [ Read more ]
Author: Eduardo Porter | Source: The New York Times (January 10, 2017) | Subjects: Articles & Links, Economics | Economy, Excerpts, Politics & Public Policy