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Alex Tabarrok has just written the perfect blog post. Don't miss it.

P.S. Here's my only post that's arguably in the same league.

CATEGORIES: Politics and Economics


COMMENTS (1 to date)
Kurbla writes:

From the fact that employees had $37000/year, which is kinda twice more than average salary in that business and the fact than it appears that nobody actually tried to bring these salaries to more realistic amounts, it is almost certainly the case of the "planned inefficiency" which is frequently used as a justification for privatization. Basically, the case of stealing public money.

Posted June 10, 2008 6:11 PM
Comments for this entry have been closed
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