Re: Why haven't we banned Capita
Why?
Because someone once decided to bash into people's heads that public sector was bad and that private was good much better, very efficient and that unlike the public sector, clearly understood the concept of value for money.
This, of course, (like Greta Fowler would say), is absolute rubbish.
Because value for money is a very narrow metric and depends heavily on who is evaluating, what they are evaluating but more than anything if they are actually valuating the right things.
In the case that occupies us now, the right things are never evaluated.
Not everything can be translated into money/dividends. eg: The benefit of having a decent public transport system in crowded cities even if they do not turn a profit or if it is neccesary to subsidize them is absolutely huge.
Profit in and for a society/nation is not about money whereas for the private sector, it is only about money and shareholder dividends.
In any case, the private sector has (long ago and all over the western world) clearly shown at every chance it's had what their concept of "value for money" is:
The most money for them with the least value for the rest of us.
As such, said sector is absolutely at odds with the aim of ensuring common good, general welfare and security and the well-being of everyone in the nation.
Which is clearly a task for the state to undertake.
The private sector does not give a Flying Flamingo® for the common good, general welfare and security and the well-being of everyone but themselves, it's just what they are, how they are built.
You cannot put public matters in private hands, it's a recipe for ruin.
O.