Stephen Reid — Mythbusters: “The private sector is more efficient than the public sector”

The myth

“The private sector is efficient and dynamic; public sector is costly and slow. The more we can get the private sector to run things the better.”

NEF — New Economics Foundation
Mythbusters: “The private sector is more efficient than the public sector”
Stephen Reid
 | Organiser, New Economy Organisers Network

Privatizing economic areas that are essentially monopolies or at best oligopolies does not increase efficiency or "save taxpayers money."

Lacking an actually competitive environment without exorbitant entry costs, the more efficient solution is more often government than private enterprise. Otherwise, monopoly rent is extracted and needless subsidies provided.