The Myth of The Private Sector

There isn’t really a private sector, as that term is ordinarily used. Not in any advanced country, and not since the War at the latest. Take out bailouts or the permanent promise of them, take out central and local government contracts, take out planning deals and other sweeteners, and take out the guarantee of customer bases by means of public sector pay and the benefits system, and what is there left? They are all as dependent on public money as any teacher, nurse or road sweeper. Everyone is. And with public money come public responsibilities, including public accountability for how those responsibilities are or are not being met.