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.

#capitalism

@mrundkvist  but surely competition is good! <say the PE firms as they buy a controlling stake in every possible market entity>