Comment Re:Why: Privatization == free money? (Score 4, Informative) 29
It's not that the US government is bad at it. Privatization is inherently bad. For profit companies by definition care about profits. Those who run them, in addition, care for short term profits. So give them an infrastructure that cost billions to build and tell them to manage it, do you think they are going to put serious effort on maintaining it or going to lengths to serve the least profitable customers (that have already paid their share towards building the infastructure). The worst example where I currently live (UK) is water companies who have figured out it is cheaper to pay the penalties for dumping raw sewage into rivers and seas rather than maintain and expand the infrastructure that prevented this. Of course governments make it even worse as politicians get kickbacks. There is no other explanation I can think of for the privatization of ONLY profitable airports in Greece. The ones that make money they sell to (usually German) companies "for stimulating the economy and attracting investment", the ones that are not making money are bankrolled by the taxpayer. I would understand the "attracting investment" part if they at least bundled some unprofitable ones to the 14 they gave to Fraport on the first round for example...