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Privatization
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Belly, I agree with you, the problem is at the management level.
Nobody holds management accountable for their poor performance.
politicians are commonly more concerned with political implications,
many who work for Govt have learned that if they do nothing and
take no chances, they have a well paid meal ticket for life.
Its virtually impossible to fire a Govt employee. So as nobody
has any incentive to change the system, which is often a Govt
monopoly, nothing happens and bad judgement continues with no
ramifications.
The big cost in all these things is not profit, if you look at most
balance sheets, that is a very small % of the total. It is waste.
Time wasted, materials wasted, manpower hours which costs heaps,
nobody has any incentive to improve efficiency or change anything,
so nothing changes.
Exactly the same thing can happen in large corporations, if they
have monopoly kind of powers. But eventually those coporations will
be bought out and revamped, something which won't happen with
Govt ownership.
Yet some Govt organisations can perform ok, when a gun is put to
their head and management is changed. I gather that is what happened
to Australia Post. They were told that they would be flogged off,
if they never got their act together, which gave them a very
good reason to change and improve.