Hey private enterprise enthusiasts. You believe that the public sector can save money by handing over utilities to companies, which are inherently more efficient.
Here's why this doesn't work.
You have to pay someone to monitor the private companies. Because they have no incentive to deliver what they promised. They always cut corners in the name of profit. And that monitoring eats the savings you hoped for. While you have no control over your utilities.
@mrundkvist Public sector and private companies share a lot of the same issues, and the need for monitoring is needed regardless.
Cutting corners for profit is one of the ways to extract money into pockets, as is not exactly uncommon for management in public companies either. There isn't exactly a lack of examples of management in public sector stuffing their pockets, the difference is of course that this is corruption, and illegal, not a "part of the game" like with private corporations.
Lack of incentive can be an issue with both.
I am not arguing that this invalidates what you say, public companies that do not have to make investors happy have a clear advantage, but the transformation from private to public must include monitoring and requirements as well, or else we risk a quick "look! told you so!" and a rapid hand-back to private sector.
Martin Rundkvist
Lett Osprey 
🍉 