Nobody was suggesting that all private companies were well run, there's obviously some terribly run private companies, lots of which go bust every year. It was just the statement that 'there's no evidence that the private sector is more efficient than the public sector' that I took issue with, as there's lots of studies comparing the two and overall private companies come out significantly on top. I would have elaborated, but that would be getting into politics.
A public funded service, or one which relies majorly or solely upon the use of public owned infrastructure, should be delivered by the public sector.
Maybe we have different algorithms. But I just checked and that statement is exactly what the top studies I get say.
please log in to view this image I might be more tempted to buy an EV if they start looking like this, this is the new Longbow, built in the UK. The coupe is £65k and the open top (and it properly is open, not even a windscreen) is £85k.
Saw a Ford explorer today, didn’t realise it’s a VW. Really well priced for an EV SUV too, doubt there’s much out there that comes close to value for money?
Some countries gain independence and change their name, but I'm frigged if I can locate the Easter Bloc on any map. That could be down to the government owned Ordnance Survey. The views expressed in my posts are not necessarily mine.
Foreign chocolate muck, rumour has it they based the heads on you, I couldn't possibly comment. The views expressed in my posts are not necessarily mine.
Could be a case of Dr Johnson and the Giant's Causeway. The views expressed in my posts are not necessarily mine.
State-owned enterprises (SOEs) are often claimed to be less profitable and less efficient compared to private corporations. According to Grout and Stevens (2003), SOEs were associated with different types of market failure and were mostly used to attain non-economic goals such as unemployment level reduction, control over natural resources, and political stability. Shirley and Walsh (2000), who surveyed 52 studies on the difference in performance between SOEs and private corporations, discovered that there were only five studies indicating that SOEs outperformed private corporations. However, these studies only monitored the firms in the monopolistic utility sectors. Similar situations occurred in most of the previous studies that researched correlation between performance and firm ownership. Many of them either focused heavily on industries with monopoly/oligopoly characteristics or industries with output that could not be priced by competitive forces. As a result, it was difficult to distinguish the effects of market regulations and conditions on the types of firm ownership. Since there is a correlation between competition and performance, controlling for the market structure is crucial to the proper investigation of performance across different types of ownership (Goldeng, Grunfeld, & Benito, 2008). Since my research is focusing on the difference in performance between SOEs and private corporations within a competitive environment, it contributes to the very few studies that controlled for the market structure. My main research question is whether private corporations perform better compared to SOEs in terms of profitability and efficiency in the strategic sectors in a competitive environment. My hypothesis is that due to the soft-budget constraint behavior and policy burdens imposed by the state, SOEs are less efficient and have lower profitability compared to private corporations. https://digitalcommons.iwu.edu/cgi/viewcontent.cgi?article=1458&context=parkplace I would have thought it fairly obvious that overall SOE's would be less profitable and less efficient, as many don't have profit as an aim at all. The NHS being the obvious example, an enormous organisation that provides a great service, but I don't think anyone actually thinks the NHS is efficiently run. Having been unfortunate enough to have had to spend a month in Hull Royal not long ago, it's almost farcical watching what happens day to day in there. Does anyone think Network Rail is well run? Or the Post Office? Who was it that decimated the UK car industry, or the British steel industry? They were all poorly managed and the lacked investment required to keep them competitive. Not all SOE's are poor and there's still some decently run services within poorly run organisations, but overall the major organisations run buy the state have been very poorly run. I'd go into more detail, but it would breach the rules.
