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Privatization occurs when the government assigns one of their primary responsibilities to a privately owned for-profit or non-profit firm. Our federal government regulates many things
Privatization occurs when the government assigns one of their primary responsibilities to a privately owned "for-profit" or "non-profit" firm. Our federal government regulates many things such as K-12 education, public colleges and universities, tax collection efforts, the ports, the highways, the Federal Bureau of Investigation, the Food & Drug Administration, the VA hospital system, Medicare for the elderly and the public retirement plan known as Social Security.
- Is there any government service that can be privatized?
- What is wrong with the government program or service right now?
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