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speed firewire aloft order in the times last week
talking about when public outperforms private in services
and
just as an example they talk about b_p_
which was a really had originally uh...
owned company
national
uh... the london civil servants of the nineteen sixties and seventies who all
but ignored profitability is the issue directives across british petroleum jb
loaded corporate network were replaced
by highly motivated managers
who were rewarded for cutting class reducing risk and making money
but then it will five i_b_p_ refinery in texas uh... city blew up killing fifteen
injuring two hundred seventy
you know six
a leak a to b p pipeline spill hundreds of thousands of gallons of oil in
prudhoe bay alaska
in twenty ten an explosion a deep water horizon killed eleven a result of the
biggest offshore oil spill in the history nine states
these days bps stock trades at about
twenty five percent before was twelve
below before was a disaster off the coast of louisiana about the same place
it was a decade ago
in other words that what does the private sector do better than government
what does it do worse
while in government hands british petroleum paid too little attention to
profitability
constrained by its need to please elected officials who often cared more
about keeping energy cheapen unemployed and employment high
but in private hands it may have carried uh... about profits far too much
at the expense of other objectives
p_p_ veered from being a company that makes sure nothing blew up to one
focusing on cost cutting at all costs
here it is
my question
what's up of more societal values
one there are a company that employs people across a sighting
wanna make sure that it doesn't blow things up
or one that has high profitability for shareholders
obviously political the last time sound reasons have some sort of socialist
because i tell people look to blow up
half
it's a future the future
this and then this year they believe the feature but i mean this is the question
when we look at private or public
i'm not a favorite of the
of the government running all of our industries but there could clearly some
things that government does better than the private wherever you know
disaster relief
uh... single-payer health insurance
our government spends more per capita
more per individual in this country
on health care
not including the private insurance industry
in terms of how much we all spent
but our government spends more
then candidate does
which has a government-run health care program
we have an incredibly inefficient
and incredibly expensive
system
we need to control health care costs
has also what the president said and that's absolutely true and it's get
involve having
there's a reason why
for health it care under medicare
and medicaid in particular
are cheaper than the private insurance industry because when you have a a large
volume by air
they can negotiate
better prices
boorda's underwrite the more that we reward this is uh... observe burden wise
brod
professor of economics in northwestern university
the more we reward those things we can measure and not reward the things we
care about
but don't measure
the more we will distort behavior
what what does that mean
in these when you were awarded
things that we can measure like
test scores
like one-dimensional test scores of students
and not reward the things we care about
but don't measure
how do you measure
how much attention and how much caring and how much diligence a teacher eyes
or how much experience or capacity to change what they do based upon the
student teaching
the more we will distort behavior in other words
the more
teachers will teach toward to the test
at the expense of a well-rounded education for students
and it also is the same thing when it comes to disaster relief
where profits are job number one
so we're gonna outsource
under bushes fema
the buses to a company that's going to help source it to another company that's
gonna outsource it to another company and that companies give us a where not
going to send out the buses until where absolutely sure
you're gonna need them
because we want to cut into our profit margin
not we would rather err on the side of making sure the buses are there
rewarding teachers from other students performance standard math and reading
tests one card slots a teaching of reading and math
at the expense of other things in education might provide and
reading and math
how to take a reading amassed test