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this post was submitted on 09 Oct 2023
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Yeah privatization in general doesn’t work great. The only good arguments I’ve heard for private ownership is the initial investment portion.
It does work alright in some fields but it definitely does not work for natural monopolies like infrastructure (rail network, power, gas, internet/phone networks, cable, water, waste water,...) or for things people can't not choose to avoid buying (health care) or buy very infrequently (once or twice a life only).