[throw0101c]

>> I think the idea is that corporations are the most efficient entities in the economy in terms of allocating capital.

> Anyone who has had a job knows it's not true.

In an 'absolute' sense they may not be as there is (always) some waste, but is there a more efficient way / entity?

[const_cast]

Public entities can, theoretically, be more efficient because they operate at greater economies of scale and with lower barriers. Centrally-controlled systems become unbelievably efficient when the scale is very large. In addition, public entities enjoy the absence of the shackles of profit, which allows them to make longer-term decisions.

Now, if this is really the case in the US today is debatable. But, it was the case in the past, and is still the case in many very functional countries.

[LtWorf]

I think the claim is that public administration is always less efficient. I just need to demonstrate it's equally inefficient :)