Unlike privately owned firms, state-owned enterprises can persist indefinitely despite providing a service that people value less than the cost of supplying it. They go out of business only when government ministers give up on them - which they almost never do, if only because it would amount to an admission that they have wasted money confiscated from taxpayers. Excellent article from former ACT Leader Jamie Whyte. Choice, competition, and the profit motive lead to better outcomes for Kiwi parents and children.
Posted on: Wed, 07 Jan 2015 01:31:23 +0000
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