Institutionally and culturally, they would probably be in category 2) in your scheme, but politically and economically, they're able to hold the rest of society hostage, so economically they work just like public companies that can raise their own taxes, have a gargantuan embezzlement problem and absolutely zero accountability.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
Rather than type distinct from "sector 2" organisations, it is a social malignancy that follows when sector 2 organisations have too little check on their economic power.
And, indeed, since one of the features of deregulation is a removal on checks on the accumulation of monopoly power, in terms of power, as opposed to employment contracts, the privitisation plus deregulation movement is:
(1) -> (2) <- (3) I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
