Quote Originally Posted by Feanor View Post
The flip side of the public sector as waste argument is the notion, that the private sector is necessarily highly efficient. The myth is that competition & the free market is highly effective at rewarding good decisions & efficiency, and punishing the opposite. This isn't true, especially in the short & medium term...
This is true. Poor decision making and ineffective performance is far too common within the private sector. The difference is that there are consequences.

In the public sector, poor decision making and performance, failure to adhere to budgets and behavior in disaccordance with one's departmental mission statement are usually rewarded with promotion.

In the private sector, poor performance such as decision making that results in the disasterous, y'know, calamitous financial collapse of multiple areas of the market result in an immediate invitation to join the Obama Administration.