Nathan

New Book Exposes Massive Fraud MetaFilter: "Same thing is true of your health care, your prisons, your army. It's the privatization swindle. Give a government-owned entity $100 of taxed/billed money and it will do $60 worth of actual work and distribute $40 to a raft of unnecessary public servants. Give a privatized entity the same $100 and it will do $20 worth of actual work and give $20 to its upper management and $20 to a raft of unnecessary private enterprise employees and contractors and $20 to stock-holders (essentially a random chunk of middle and upper-class citizens) and $20 will go missing."