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The efficiency myth

Heard the tale about the private sector always doing things better?

  • Nick Dowson wonders why it still has believers
  • New Internationalist

The central myth of neoliberalism – ‘private sector good, public sector bad’ – persists in the face of all evidence to the contrary.

Cekt 1aThe private sector is held up as better, more efficient, the way to modernize… Yet worldwide, hundreds of services are being brought back into public ownership, which suggests that people aren’t buying the hype around greater private sector…

Even the cheerleaders of global capitalism have admitted doubts. Here’s the International Monetary Fund in a 2004 policy paper: ‘While there is an…

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