[sander27home]

The biggest issue is "responsible government". The closest this ever implemented in world history is Singapore with the government largely stuffed with PhDs and graduates - heck their PM can even solve sudoku in C++. In most cases, government would be closer to American form running by incompetent or less educated leaders of semi democratic with fraud and excessive spending (Sri Lanka, Japan, Germany, etc). I recalled one of German leaders even plagiarised their master/dr thesis yeara ago. In this situation, private enterprises especially lots of it competiting fiercely would be way more efficient. Chicago and Australia privatisations are really just government monopolies relegated to private monopolies. So efficiency of private enterprise will not that readily available in short-medium term. In long term, we dont know - economics theory a lot doenst match up reality. Malaysia has gone through this during their 4th PM and today result is pretty mixed with a lot of corruptions.