Comment Re:It's called corruption (Score 1) 38
Reagan was on a privatization kick. It resulted in wonderful growth for the Beltway Bandits. Another reason privatization does not work for government is because government is not private enterprise that can decide what markets to enter and which to exit. Programs are mandated by law. Sure laws can change but it is a long arduous path. And you wouldn't want it any other way. Changing things on a whim has brought current U.S. to its knees, and the damage appears to be long lasting.
Want to see privatization at work? Look at the U.S. health system. Those insurance companies use actuaries to determine who gets covered. A good team of actuaries can put a price on your grandmother and her cat and will if you ask them to. As a consequence, we have a health system which can send you to the poor house in under a year because of a medical condition.