PRIVATIZATION AS A PHONY PANACEA
Privatization is almost always promoted as a way to save money, improve services, and shake up unaccountable bureaucracies. But in reality, privatization often fails on all counts. Privatization plans can cost government and taxpayers more money, limit accountability and transparency, and leave people who depend on public services worse off.
A study released last fall by the nonprofit Project on Government Oversight found, for example, that in 33 of 35 occupations, the government paid billions more to hire contractors than it would have cost to have the same functions performed by government employees.
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