Brooks is certainly right that Romney is not a heroic entrepreneur, but it doesn’t follow that he is necessarily an efficiency expert either. The private equity folks like to tell stories of how they find poorly managed companies, clean them up, and then sell them for a big profit.
|By: Dean Baker Wednesday July 18, 2012 2:10 pm|
|By: WhyIHateCCA Thursday August 18, 2011 2:08 pm|
Florida is embarking upon the largest prison privatization plan in history. No state has ever undertaken such an ambitious expansion of their private prison system, and for good reason; private prisons consistently fail to live up to contractual obligations, don’t save money, and provide less efficient services than government-run prisons.