Yeah that sounds about right. I can't think of many situations where privatizing safety critical operations hasn't ended in disaster. Safety at that point ceases to be a priority and just another number on the sheet to crunch. If the lawsuit is cheaper than the savings from cutting corners, that's the move to make.
>The biggest disaster of privatisation was the loss of more than a century of engineering and management culture and knowledge.
Yeah, this is often the biggest loss of mass layoffs in the name of short term profits. Esepcially since the situations also tend to cut training programs. You're slashing a pipe for some quick water at the cost of draining the rest of your plumbing system. while firing the plumbers in the process.
I wish we could switch back to incentivizing long term portfolios and planning. It's reckless at this point.
>The biggest disaster of privatisation was the loss of more than a century of engineering and management culture and knowledge.
Yeah, this is often the biggest loss of mass layoffs in the name of short term profits. Esepcially since the situations also tend to cut training programs. You're slashing a pipe for some quick water at the cost of draining the rest of your plumbing system. while firing the plumbers in the process.
I wish we could switch back to incentivizing long term portfolios and planning. It's reckless at this point.