Quote:
Originally Posted by nomadking
The lack of competition is because the companies own the exclusive patents. Competition is available for provision of services, but that means private companies doing it.
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I suppose you should get awarded half a point for at least attempting to apply economic theory. Yes, companies have exclusive patents, and rightly so for innovation, however there’s a balancing act and at present it’s clearly too far biased towards big pharma which is where the collective purchasing power of the NHS is useful to offset this.
The competition you describe isn’t going to meaningfully change this for those at the bottom of the supply chain (service users). Indeed, all that would happen is cherry picking.
For the disastrous consequences on the whole check the partial privatisation of the jobcentre role to the work programme providers. Private sector companies focused on the low hanging fruit, leaving those furthest from employment aside for the public sector to pick up once the two years were up. Absolutely disastrous and the subject of a Panorama and Dispatches in the past.