People forget that ‘efficient’ in a capitalist sense means that all resources are used. So when you privatize security, prisons, public transport, etc. guess what happens: those companies try to extract as much value as possible and do as little as possible. Because that is what capitalist efficiency is.
People forget that ‘efficient’ in a capitalist sense means that all resources are used. So when you privatize security, prisons, public transport, etc. guess what happens: those companies try to extract as much value as possible and do as little as possible. Because that is what capitalist efficiency is.
That’s any service where the service provider has the customer over a barrel.