Thursday, October 11, 2012

"public sector as untouchable holy cows"

Professor Raghuraman Rajan says:

"State ownership in many areas no longer serves the public interest, and the only reason it continues is because it serves the many vested interests that benefit from the status quo – the public sector workers who have cushy undemanding safe jobs, the unions who enjoy the power, the occasional corrupt executive who rakes in bribes, and the minister who enjoys the patronage." Full speech is here.

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