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Interestingly Trump's demand for consultants with Govt. contracts to show taxpayers wee getting value for money, has quickly prompted large consultancies to identify where fees could be reduced, including stripping out in-contract 'agreed' prices rises for outsourcing.
That these 'savings' appeared so quickly suggests that these large firms have been price gouging the state for years (a suspicion held by many).
Perhaps this is one Trump policy Keir Strarmer *should* adopt?
#politics
h/t FT
@ChrisMayLA6 This is the truth! The public sector are very inept and incompetent when it comes to negotiations and the realities of business.
The reason is that it attracts less competent people who want to live off tax payers money, and very often have not worked a single day in their lives in the private sector.
That is why private sector guys they run circles around the public sector.
I remember when I was working at a global IT house, one of my biggest customers bought disk drives from
@ChrisMayLA6 me, and I had about a 90% margin on those disk drives towards the end of the contract. It ran for 7 years, and break even was after 2.5 years, so 4.5 years of selling computer hardware at extremely attractive margins.
This is why socialism never works, and why the public sector is destined to failure.
You might say, oh, but change the rules, but the problem is that that is a reactive change. The private lawyers will always find new loop holes way before the public plugs the hole.
yes, there is certainly an asymmetry in negotiation skills (that is clear across so many areas)....
@ChrisMayLA6 But this can be fixed with privatization!
And I'm talking smart privatization, not the classic case where the government thinks it is smart to privatize a sector that has a monopoly, and then act surprised when prices sky rocket (hello swedish electricity grid!).