Is it more efficient for local and state governments to privatize provision of government services to save money? In this edition of Valley Public Radio’s commentary series The Moral Is Ida Jones, Professor of Business Law at Fresno State argues that there are hidden costs to privatization. Using for-profit prisons as an example, she connects increased privatization to higher long-term social and financial costs.
Privatization is the buzzword that represents tax-revenue strapped governments transferring services to the private sector to save money. But does it?