“ the private sector is less efficient and more corrupt than the public sector”
That is easily the case if you aren’t careful. Private health insurance has a big incentive to drive up cost of the medical sector so they can take a few percent as profit. Defense contractors have almost no incentive to reduce costs, quite the opposite.
I guess it depends on what you call efficiency. If you define efficiency as extracting maximum profit then modern corporations are very efficient. If you define it as providing products and services at low cost, then they are inefficient.
That is easily the case if you aren’t careful. Private health insurance has a big incentive to drive up cost of the medical sector so they can take a few percent as profit. Defense contractors have almost no incentive to reduce costs, quite the opposite.
I guess it depends on what you call efficiency. If you define efficiency as extracting maximum profit then modern corporations are very efficient. If you define it as providing products and services at low cost, then they are inefficient.