The most integrated system that runs every country in our entire world is the government. This has a great thread that has synchronization among countries in the thread named democracy. We all pay taxes and may sacrifice everything for our nation, and this essence of patriotism cannot be private sector that seems to dominate the global market.
We notice that when companies in the private sector are in trouble particularly the economic crises the help from the government is sought. Most of the governments have helped many companies. In return, they may not allow the public share in their companies. This private share is the share of government with which both the government and public both can get many benefits.
Many companies started with government share, which was later cut down until it was zero percent. It has created so many harms to the system:
1. The small companies can not compete with the big companies and thus most of the small companies have gone bankrupt and are locked now.
2. The competition has given greater facilities, but it has invited greater harm as all the facilities are not from the companies, but from the income. Thus, public investment that could have been for social property and services has gone to rich people, who in many countries avoid paying the taxes to the governments.
3. Most of us attracted by the luxurious facilities and services without even realizing that we are paying for it from own pocket.
4. It has deformed the actual and thus philosophical concept of privation, which is employing all the unemployed youth and people in general in the governmental services on the contract bases. For example, a teacher on regular basis is paid 3-5 times higher than the one on the contract base and thus privation.
5. The building that are constructed and maintained by private sector are heavily charged, but the unemployed is touching the sky. All of it can be managed by the government by contract bases. On the other hand, we claim that labor is not available in the market and thus nothing is going smooth, but it seems misguiding.
6. If one is given work on the bases of achieving target in any field, it misuses all talents as anyone can achieve the target say as in banking and insurance to all other products and services offered by the private sector. The government funds even the major semi-governmental sector in which there is major share from the government. However, the conflict between government and private sector seem to have surpassed not only corruption, but also has brought crime and mafia kind of involvements in the market that threatens the real or true spirit of democracy.
7. Most of the departments like railways work for 24 hours, but at the same time the well built buildings remain light flooded at night, which can have work and employment for all at the contract bases, which is less in wages up to 3 to 5 times less. One such example is Mahatma Gandhi National Rural Employment Guarantee Act (Mahatma Gandhi National Rural Employment Gurantee Act)
8. The free education and health care with huge funds coming as charity need attention so that the government services get major contribution to public, particularly in the developing countries. (Literacy in India - Wikipedia, the free encyclopedia), but the public schools want to attract most of the students with high fee, expensive books, which are help and guide books not the text books that are of very low cost with all services and teaching provided at almost free or what we say affordable. (Education in India: Comparing private and public schools in rural ...). The improvement that can be brought by original concept of privatization based on hiring contract based teachers can be highly effective and can excel higher than the private schools that may not be affordable for majority of the population.
9. The private sector needs to include the share into their companies via governmental share so that public invests in the share that are controlled by the government as if investing in the banks otherwise the fluctuations in the share can harm the spirit of the market leading to disintegration as a result more corruption and crime.
10. We keep talking about the stable government for national improvement, but we do not work in the market, which government regulates and thus stability in the market is more important. In most cases, the rates and share market fluctuate and threatens the global economical stability and thus risk of involvement of brain that works for the companies not for the nations. It harms the national spirit and creates disharmony (excessive competitions, job sackings, rivalry, insecurity and so many other anti-social ways growing and developing rapidly) in the society as one favors what benefits the company not country, is not it.
There are pros and cons in it, but the strengthening of government by public sector is Utopian Thought as we may assume that they pay more taxes, but the it has put unemployment so high that people seem to live in poverty due to reasons discussed above, particularly in the developing and under-developing countries, we can view the video related to it:
3 Reasons Public Sector Employees are Killing the Economy
Thanks for your reading.
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