Mit Magzter GOLD unbegrenztes Potenzial nutzen

Mit Magzter GOLD unbegrenztes Potenzial nutzen

Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur

$149.99
 
$74.99/Jahr

Versuchen GOLD - Frei

Is Privatizing Public Services the Ulterior Motive of DOGE?

Mint Hyderabad

|

March 20, 2025

Trump's supporters may well be hit the hardest by such an agenda

- Patricia Lopez

U.S. Republicans have long thought that what the federal government does can be done better, faster, or cheaper by the private sector. So it should not shock anyone that U.S. Treasury Secretary Scott Bessent recently revealed a larger agenda that sheds light on the Trump administration's seemingly indiscriminate cuts to federal workers and agencies. President Donald Trump's overarching goal, Bessent said, is to "reprivatize the economy."

That casts Elon Musk and his unofficial Department of Government Efficiency (DOGE) in a new light—as the vehicle for slashing agency functions to a skeletal state and outsourcing the rest to what would be a much more lightly regulated private sector. Musk himself at a recent Morgan Stanley conference suggested that the government privatize "as much as possible."

The DOGE cuts so far are not enough to make a dent in the national debt or offset Trump's proposed tax cuts for the wealthy. Nor do they make government more efficient, which would require a thoughtful assessment. There is no evidence that the "fraud, waste, and abuse" Musk claims to have discovered amounts to anything more than spending with which he and Trump disagree.

But as a means to push the nation closer to mass privatization of services? Now the cuts make sense.

WEITERE GESCHICHTEN VON Mint Hyderabad

Mint Hyderabad

Cyberattack on vendor hits major US banks

Client data for JPMorgan Chase, Morgan Stanley Citi and other major banks may have been accessed in a hack of a tech vendor, The New York Times reported on Saturday, citing people familiar with the matter.

time to read

1 min

November 24, 2025

Mint Hyderabad

Mint Hyderabad

Walmart was once demonized but has transformed its image

Its staff-oriented strategy faced investor scepticism but has paid off

time to read

3 mins

November 24, 2025

Mint Hyderabad

India to curb antibiotic use in animals to control drug resistance

India has unveiled its next-generation national action plan on antimicrobial resistance (AMR 2.0) for 2025-2029, to curb misuse of antibiotics across humans and animals as drug-resistant infections emerge as a major national health threat.

time to read

2 mins

November 24, 2025

Mint Hyderabad

Amfi leads data drive as Sebi plans fee cap

The mutual fund industry is compiling an extensive dataset on portfolio churn and transaction costs to help the Securities and Exchange Board of India (Sebi) evaluate its proposal to sharply cap brokerage fees.

time to read

2 mins

November 24, 2025

Mint Hyderabad

Carlyle targeting $300 mn side fund

Carlyle Group Inc. is launching an India side fund to operate along the firm’s sixth pan-Asia investment vehicle, to tap opportunities in everything from tech to health care.

time to read

1 min

November 24, 2025

Mint Hyderabad

Mint Hyderabad

Embrace the quiet joy of doing nothing in retirement

In a world demanding constant action, finding stillness is the perfect, complementary antidote to an active retirement

time to read

3 mins

November 24, 2025

Mint Hyderabad

Mint Hyderabad

CAG plans shift to live audits to curb public funds misuse

The overhaul is designed to flag tendering lapses, execution delays and potential losses early

time to read

2 mins

November 24, 2025

Mint Hyderabad

Mint Hyderabad

'Stay invested in the stock market, everything is for the long haul'

Veteran value investor Ramesh Damani is ignoring doomsday warnings about a US tech stock correction and noises surrounding corporate earnings growth trajectory back home, staying loyal instead to his credo of long-term investments, using a bottom -up approach. He remains unconcerned about short term market corrections, advising investors to

time to read

5 mins

November 24, 2025

Mint Hyderabad

BirlaNu announces new Andhra plant

Building materials and home solutions company BirlaNu on Sunday announced plans to set up a greenfield fibre cement board plant in Nellore district of Andhra Pradesh.

time to read

1 min

November 24, 2025

Mint Hyderabad

OYO Assets gets 125 cr fresh funds

OYO parent PRISM-backed OYO Assets has raised ₹125 crore in a fresh funding round from a clutch of institutional and private investors led by InCred, people aware of the development said.

time to read

1 min

November 24, 2025

Listen

Translate

Share

-
+

Change font size