In article , Fredxx
writes
On 26/03/2021 14:17, Dave Plowman (News) wrote:
In article ,
Harry Bloomfield wrote:
It happens that Dave Plowman (News) formulated :
As opposed to privatized, where the incentive is to make the maximum
profit.

But against considerable competition vying for our custom, so the
net
result is much cheaper for us. I think that is important.
So we have lots of companies with lots of duplicated overheads
selling
exactly the same product. And all making a profit. Which makes absolutely
no sense at all.

Strangely overheads tend to scale with the size of the company, with
large companies having disproportionately higher overheads.

Competition will also have effect of reducing those overheads. Hence
the numbers of small companies, rather than one big, efficient one.

Did you mean "inefficient".
So it really isn't that simple.

--
bert