Even if the are more efficient, they earned the regarding profit for a small number of people, who has to much. For the society it is a loose loose. The services become more expensive and it lead to a redistribution of wealth from poor to rich, whitch is even worse for the society and the economy.
Look at spacex they are more efficient then nasa
Anything is more efficient without cost+ contracts, where the cost is covered + a fixed percentage profit on top.
Those kinds of deals make the cost explode somehow. Who would have thought.
there's an exception to the rule
Private companies are efficient at making oligarchs richer and everybody else poorer.
In Germany we are in the process of privatizing hospitals. This will surely go over great in case of you know another pandemic. You can bet your butt that a private company will cut staff numbers, they will reduce the number of hospital beds and they will do the least amount of work they can get away with.
I can't easily go to a competitor, now can I? We only have that one hospital in the city.
More efficient at what though?
Getting money into the pockets of the responsible ones
Of course it's feddit de. We need instance blocking but for comments.
Ok what is the problem with my comment?
The government needs to take over things which are not viable for the private sector, but important for society to work.
Lets say privatisation of public transport: In countries where it is completely private, only major cities have reasonable connections. Because those are the most profitable ones. But if you want people to actually use public transport, you need to have a fine and widely spread net of connections. For that to happen either the state completely owns the public transport, or takes off financial pressure and only partially owns it.
Exactly this mechanism enables (partially) state owned organizations to run suboptimal. As explained in the example, this is a desired effect. But it also enables memes like the lazy state employee - which are at least partially true.
E scooter services are a nice example. They are not covered under state-run public transport. You see those in major cities. There, where they are not required as much due to more dense public transport systems. But there, where they would be really useful, in more rural areas, due to a much less dense public transport system, they are lacking. And why is that? Because profits.
Efficient at what, making profit for themselves?
Why is profit an only measure for efficiency?
Because we live in a capitalistic society.
This is something you really can't say one way or the other.
I could cite examples of sick, failing government owned companies that did better under privatization, or simply shouldn't have been governments owned in the first place. On the other hand, I could cite disastrous privatization efforts that should never have happened because they were vital services, or in the national interest. I lived through most of it in the UK when they were privatising stuff left right and centre - some succeeded, others didn't.
And if they stay under the control of government then they need incentivization and means for measuring success. Success doesn't just mean profit but it does mean value and quality of service. And in some ways that would require operating similar to if it were a private company.
In the end privatizing means maximizing for profits and not other quality factors though. It would be great if that would lead to increased value and quality of service, but that's not the reality in our current form of capitalism. Here, it leads to saving costs whereever possible, which finally implies loss of quality.
When it comes to infrastructure like train networks, telecommunication lines or postal services and critical services like hospitals, privatizing is the worst you can do from my point of view. Living in Germany, I see plenty of such examples. Our train service got incredibly worse since it was privatized, hospitals have severe issues on multiple fronts, and let's not forget how we are extremely sucking with the modernization and upkeep of our telecommunication infrastructure.