Private Sector vs. Public Sector
Private Sector vs. Public Sector
If you were mailing an extremely important package, you’d probably trust FedEx more than the U.S. Postal Service. But why? Is it because FedEx is a private company, while the post office is run by the government? What are the differences between the “private sector” and the government sector? Why does it matter? Find out in this animated…
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My government prepared all the necessary paperwork in regards to taxes and changing the documents in 3 days.
A fortune 500 company remembered they put me in a project only two months AFTER I left the company.
You never saw the real bureaucracy if you didn't work in transnational corp. Government in comparison is a bunch of effective smart people
Totally propaganda.
What happens when serving a particular group of people isn’t profitable?
i hate private sector
Government private
Why do the two have to be different? instead of private-public, why not make pub-vate services.
The Capo di tutti capi. (Godfather) Of the world owns many shares in mostly all private sector businesses. Larry fink. The globalist who has ten trillion dollars of assets. Him and the government control the private sector. Very Nazism. The public does not have any say regarding the private sector anymore
Complete bs. This YouTube video is propaganda by default. Not the YouTubers fault. I would be able to say whatever I wanted if it was controlled by the people.
this is the one area, that stumps government-economists. they don't know how wealth is actually created. they think it can be 'quantized'…i believe it is an art-form, too.
greater-wealth begets even greater-wealth. this is a phenomenon of the universe, that needs to be fully appreciated. never engage in activities that would take you in the opposite direction of where you want to go.
so, you generate wealth, increase private-sector, reverse-inflation, attract more wealth from abroad, generally, you're looking for a self-sufficient economic-model.
you trade, where have to. you tax, when you have to. and, you cut bureaucratic-waste, because it is said as being wise, to do so.
in terms of deflation vs. inflation.
if you achieve deflation as a doctrine of economic-policy, your competition levels must be on the rise…with new businesses cropping up, everywhere.
so, the latter is generally favorable. people are being more productive, than ever. the cost of capital would therefore decline – relative to other nations' currencies.
interest rates would be decreasing, as a matter of long-term rates guiding short-term rates.
this assists in industrial productivity, by making the cost-acquisition of machinery much cheaper from afar…
so, you see how the system itself self-generates more efficiencies, less inflation, greater productivity, less crime (because everyone's employed), more opportunities…that's almost a utopia.
but, you still need to consider the environmental implications. energy has to be made freely and cheaply. air and water needs to be purified, and kept clean. forests need to be grown, conserved, and protected.
and, the national security must be incredibly strong – because the nation's economy is stronger than before, the economy is innovative in all sectors.
on the concept of inflation & economy. current economic-doctrine supports easy-money to spur growth. but this is probably wrong. there is no easy-money, in a capitalist driven model: everything has to be earned, and therefore kept safe. this is no utopia, but it is no hell either. we work in workable patterns.
so, you align long-term interest rates with short-term interest rates; the no-risk level of default (even though the markets price in growth, inflation risk and default risk as the interest rates long-term). the short-term rates follows the long term, in other words. to do so, takes the government-error out of the equation.
(but, government likes to think as if it is God)…
the government's role, is to ensure that taxes are used to raise productivity, optimally. unfortunately, the truth is harder to swallow.
you improve efficiency, via the quality and offering of education, health-care, and other necessary support services. in order to get those services down in price, you need the private sector, but also, you need anti-monopolistic professional-bodies in operation; perhaps public-professional bodies. oftentimes, those professional-bodies want higher prices for its member…but this is not-beneficial to the public or the economy; it encourages cronyism & waste. why sap-strength from a nation, so the collective-few get to enrich their own wealth?
the more you add to the Private sector by way of favorable conditions, the lower prices come by way of competition, and lower profit margins in the Private sector. the more you add to the Public sector by way of cronyism, the higher the taxes & inflation occur, by way of monopoly, and nobody looking in on inefficiencies, and the general ineptitude of the entire system. now, it's likely, that a vast percentage of the population is unaware or don't care about the inefficiencies/differences in long-term effects on a nation's economy; namely high welfare, high crime, high taxes & inflation…vs. the opposite.
you necessarily want a nation's people to be fully-productive to the point where time-away from work isn't being paid-for by higher prices down the road…we achieve the desirable, by monitoring what percentage the government is responsible for a nation's GDP…the lower, the better. undoubtedly…
a nation, who's GDP is 'supported' by government-spending, by 5-10%, is undoubtedly stronger, than a nation, who's GDP is supported by government spending of 45-50%…because, the more capitalist-driven-government has room to absorb bureaucratic-error. e.g. wasteful government spending, war, man-made pandemics, etc.
we have an attitude, world-wide, where we sacrifice tomorrow for today. but, you only build a better tomorrow, by sacrificing the here-and-now. this is ages old wisdom; and is true of the national-debt, as well as the socialism vs. capitalism debate. for whatever reason, those in power decide otherwise (corrupt/inept), impatient, excuses etc.
the problem with public sector is that there are a lot of people umployed with high wages doing absolutly nothing or even making live harder! there is no Negative feedback loop, In private sector when something is obsolite the buissnes go broke and these people need to find something esle that is productive, in public sector they will force you to use servies that are noot needed to extract value from FREE MARKET
It's about time someone addressed this and thank you for this video. I worked with some in the public sector for 6 months. They have no concept of urgency and staying busy. I pissed me off and I moved on to another lab job in the private sector, of course.
And nothing should be private public partnerships
Whoa, this is only telling one side of things.
First off, many economists agree that the current inflation problem is largely a result of over-consumption, which the "race to the bottom" process encourages more of. It is wildly short sighted.
Now on the whole making you pay for their debt thing. Corporations do the exact same thing. They privatize gains and socialize losses through bailouts. Do I even have to say that the public has suffer the repercussions this?
The Logic of this video is backwards and uncalled for when it comes to the comments about the quality of the postal services work. Nobody ever talks about WHY the Postal Service has 100 billion in debt. Mostly because they have pre-payed employee retirement benefits for the next 50 years or more, in addition to congress not allowing them to add new products and services that would make more money. Even if they were in debt the at least deliver to all 50 states and every zip code listed within. That isn't something Fed Ex and UPS can say for themselves because sometimes it's just not profitable for them to open stores in some area or even deliver to them. This means less service for rural areas, yet they will take the money and hand packages over to USPS for what's called last mile delivery where the post office finishes their job for them for a tiny cut of the sale which was over double what the post office would have charged. Heck, they do this last mile delivery all of the time and not just in rural areas. And finally, the Postal Service isn't motivated by greed and doesn't cut corners or delay packages like Fed Ex and UPS does. Here recently the postal service has gotten worse, but it is because their postmaster general acts like he was pulled directly out of Prager U's Propaganda filled butthole and is putting profit over the integrity of the mail. AKA HE IS ACTING LIKE HE WORKS FOR UPS AND FED EX. Corporate shills! I'm pissed I wasted my time watching this bull crap.
talking about the Public Sector without talking about natural monopolies? The Private Sector is not always cheaper, natural monopolies can make the Public Sector the most efficient. Rails, streets, water and electricity would otherwise be much harder to organize and in the case of water and electricity much more expansive because of the high sunk costs of these industries.
Just imagine multiple companies laying their own pipes, building train tracks with different widths and so on. Government intervention in these cases reduce the amount the tax payer has to pay for these services at the end.
yeah private sector is great until you owe millions of healthcare
Частен сектор е странно явление, все пак извършва дейност върху държавна земя!
If you don't mind the slower processing, and want to save money, you'd use the USPS. If you want it to get there fast, and money's no object, you use the priviate postal services such as UPS or FedEx, etc. It's good to have both options and having choices, and monopolies are bad in both private or public sectors.
Last time I checked, I get the mail on time. Yet these videos always conveniently ignore the US power grid and Railroad systems, which are both privatized and causes major disasters more frequently than anyone should remember.
Tell this to the share holders of what private sector is supposed to be like for the people.
This is over simplifed, some things like railways fail when they need to make a profit
Public transportation can survive for a year without making money and increasing efficiency and price but private rail could fail or endlessly increase price and that would cause problems for the public
Healthcare is so cheap
Housing is so cheap
Insurance is basically free
Drugs cost so little
(In the US)
Whenever possible I go to a 3rd party private dmv. Way faster.
I am postal proud. ijs. lol
Just gonna say, my entry gubmit job pays double what a similar corporate job would pay, and only has a 1/4 of the requirements to get hired. I also don’t have to do pointless unpaid overtime and can leave work at work
Long story short: get into a career field that can be high demand in both just in case.