Privatization and Public Provision

Steven Teles discusses the ironies and unintended consequences of privatization efforts, particularly in the context of contractors and private firms. He explores how privatization often leads to pervasive regulation and a "faux private sector," where private contractors become a lobby for the continuing socialization of functions. Teles argues for the need to create clear rules and distinctions between government and private sector functions to avoid corruption and corporatist arrangements.