NHS Privatization

The Guardian reports that the UK considering privatizing sections of the National Health Service (NHS): A Treasury-commissioned report yesterday recommended measures to chop £6bn from public services budgets over the next two years, with further measures intended to save £15bn a year by 2013. It calls for a shake-up of “back office” administrative and support…

The Perils of Petrocracy

Can a state run petroleum company be as efficient as a private sector company? The answer is a resounding, “yes but…” It is possible that state-run petroleum companies can be efficient as long as they stick to the business of producing oil. Yet Tina Rosenberg’s “The Perils of Petrocracy” article in the N.Y. Times Sunday…