26 November 2008

Thomas Frank: Government by Contractor Is a Disgrace

Back in 1984, the conservative industrialist J. Peter Grace was telling whoever would listen why government was such a wasteful institution.

One reason, which he spelled out in a book chapter on privatization, was that "government-run enterprises lack the driving forces of marketplace competition, which promote tight, efficient operations. This bears repetition," he wrote, "because it is such a profound and important truth."

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