> On the other hand, the shareholders are watching the actions of the corporations every day of the year.
This is simply not true in any useful sense. What is Lockheed Martin's entertainment budget? How much money did Pfizer spend on airline travel for doctors? What percentage of the doctors who flew in better than coach seats could have flown in coach?
There's no way for a share-holder to reasonably find out this information.
> And that's why you'll never see a private organization as poorly run as a government agency, at least for any period of time.
This is just dogma. As long as the overall organization is profitable, sub-domains can be spectacularly unprofitable for surprisingly long. You just don't get to see it as an outsider.
> But it doesn't absolve government of its responsibility as stewards of our money.
So, how do they do that wrt sub-contracting? They try to cover their butts with more and more regulation. Then the same people who are robbing them blind scream about government interference.
This is simply not true in any useful sense. What is Lockheed Martin's entertainment budget? How much money did Pfizer spend on airline travel for doctors? What percentage of the doctors who flew in better than coach seats could have flown in coach?
There's no way for a share-holder to reasonably find out this information.
> And that's why you'll never see a private organization as poorly run as a government agency, at least for any period of time.
This is just dogma. As long as the overall organization is profitable, sub-domains can be spectacularly unprofitable for surprisingly long. You just don't get to see it as an outsider.
> But it doesn't absolve government of its responsibility as stewards of our money.
So, how do they do that wrt sub-contracting? They try to cover their butts with more and more regulation. Then the same people who are robbing them blind scream about government interference.