[hardlianotion]

Auction off? I am unaware of this. Perhaps that is not what you meant. Can you clarify or show where this happened?

[netsharc]

Somehow they privatize things saying the market can offer a better deal than a government funded institute, when this happens the government-employed people are fired and then only some of them get hired by the private company. Savings at a cost of worse service, because fuck the taxpayers.

https://www.opendemocracy.net/shinealight/kiri-kankhwende/uk...

https://www.theguardian.com/business/2013/jul/29/serco-bigge...

[hansjorg]

One example is the Royal Mail which was sold on the cheap a few years ago.

It was purchased mostly by a group of secret investors which promptly turned around and made bank on the 1bn pound price difference.