Public vs. Private bankruptcy — the turmoil in Wisconsin

When private enterprises are inefficient/losing money/unwanted they go bankrupt. The turmoil is confined to the owners, workers and investors. As a last ditch effort they try to improve efficiency and quality.

When public enterprises are inefficient/losing money/unwanted they attempt to increase/maintain their share of tax dollars. The turmoil is thrust in the face of every citizen. As a last ditch effort, they resort to spectacle and demagoguery.

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