One example alone I can think of of how privatisation is bad is that redundancy is ignored because it is not profitable. For example, our water companies in the UK is incentivised to not have huge reserves because they cost more to maintain, which means that during a bad drought, people do run out of water. This has already happened, and this is only one example.
This happens with all sorts of industries that provide essential services - they will fail when put under stress, because to account for that stress is unprofitable. At worst, it leads to people suffering, at best, it needs constant regulation and enforcement by the government to stop them running in an unsafe manner. Companies will literally use child labour if you let them - I don’t know why you insist on defending them.
One example alone I can think of of how privatisation is bad is that redundancy is ignored because it is not profitable. For example, our water companies in the UK is incentivised to not have huge reserves because they cost more to maintain, which means that during a bad drought, people do run out of water. This has already happened, and this is only one example.
This happens with all sorts of industries that provide essential services - they will fail when put under stress, because to account for that stress is unprofitable. At worst, it leads to people suffering, at best, it needs constant regulation and enforcement by the government to stop them running in an unsafe manner. Companies will literally use child labour if you let them - I don’t know why you insist on defending them.