Privatization never makes things “more efficient”, it just transfers assets from the public to the private sector, and allows those private owners to have an ongoing profit from something the citizens paid for the building of.
Efficient is a loaded word because first have to establish what exactly is being optimized. Privatization makes profit extraction more efficient for the elites, but it does fuck all for regular people.
Privatization never makes things “more efficient”, it just transfers assets from the public to the private sector, and allows those private owners to have an ongoing profit from something the citizens paid for the building of.
Efficient is a loaded word because first have to establish what exactly is being optimized. Privatization makes profit extraction more efficient for the elites, but it does fuck all for regular people.