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 Originally Posted by wufwugy
Employees. The institutions have very different incentives.
How do the incentives for the boards and upper management of private institutions differ from those of the public ones? Stock options in the private sector come to mind, in contrast to just shared national ownership in the public sector, but can't think of much else.
Originally Posted by wufwugy
If we're using Ong's point, which I think is good here, then public employees having the same incentive as private ones does not make a strong case for government institutions being a good idea.
If by Ong's point you mean workers owning the means of production, I would argue social ownership, whether employee-owned large businesses or top-to-bottom stock option programs, are not too popular since those share the profits to a wider audience, and who'd want that if you can get it all to yourself.
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