I’m curious how public ownership is managed. Do they also have people in charge, but they can be elected? And what motivates their decisions?
From what I understand, with private ownership there are directors who make decisions based on profit motives. Which doesn’t always align with what consumers want. Which is bad, of course.
I’m curious how public ownership is managed. Do they also have people in charge, but they can be elected? And what motivates their decisions?
From what I understand, with private ownership there are directors who make decisions based on profit motives. Which doesn’t always align with what consumers want. Which is bad, of course.
Depends on the system, but think of how public services are run, that’s an example.