"Privatization replaces managers accountable to you with managers accountable to shareholders."- Harvard Business Review
Think about that for a second. Privatization puts the city’s essential services in the hands of people whose only purpose is to maximize profits.
This becomes a problem when they face an either/or scenario that pits what’s good for the city against what’s good for their bottom line because they’ll have a fiduciary obligation to pursue the latter. They’ll be fine. Their investors will be fine. And you’ll suffer.
But here’s what it’s going to cost us:
We don’t have it yet. But we’re working on it. And we want to work with City Council to get it done. We’re prepared to sacrifice for the good of the city. But selling our service contracts to the lowest bidder isn’t sacrifice. It’s suicide.
If you agree, let your City Councillor know.