This is the new mantra in India. But private companies,
- They need big profit. (A)
- Borrow money and pay interest. (B)
- Pay enormous executives salary. (C)
- Pay huge stock bonuses. (D)
- Huge ad campaign to create market (E)
Lets say the real cost of the product is $100 dollars.
So the private firm sell that product at $100 + A + B + C + D + E dollars.
Government does not have these costs. But government means us. We need to be conscious always to make the government to work for the 99%.
So privatization means high cost of living for people and industry.
Privatization is war on workers.