Saturday, January 2, 2010

Privitization

So now the big stink in the Wayland Union Schools is whether to privatize the custodial services. In other words, to put a wanted service into the hands of 'greedy, money grubbing capitalists who are just out to make a profit'. The profit motive is the best of a bad situation in this world. It forces all to acknowledge the facts of Scarcity and Competition. Very likely we would find that the custodial services will be as effectively provided at a lower cost given that several companies are vying for our business. If one firm isn't providing the quality expected, then move on to the next one. Status Quo is a morass of stagnation and union hegemony.

1 comment:

  1. Here's that guy's argument regarding minimum wages and the monopsony market.

    http://profile.ultimate-guitar.com/Kiwi+Ace/blog/63245/

    ReplyDelete

Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?