General Discussion
In reply to the discussion: Need solid examples of disastrous results of privatization of public works... [View all]Aerows
(39,961 posts)That just means it ends up being more expensive. The reason being that no longer is it just the service being provided, the service has to be provided AND provide the service provider with profit.
You honestly don't think that in order to produce a larger profit that they won't hold consumers hostage? It has certainly happened in places like Alabama. The residents there can barely afford water, and some of them have had to have it shut off because of the relentless need for profit.
Private health insurance is a perfect example of why our health care costs are so much higher than everywhere else in the world, and the level of care is significantly worse. There are some things that shouldn't be run as for-profit enterprises, and utilities, health care and things that are necessities for society to function are good examples.