मैगज़्टर गोल्ड के साथ असीमित हो जाओ

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कोशिश गोल्ड - मुक्त

Is Privatizing Public Services the Ulterior Motive of DOGE?

Mint Chennai

|

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.

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A Mint story on Friday reported how Life Insurance Corp. of India Ltd, or LIC, had approved or never opposed resolutions proposed before shareholders of Reliance Industries Ltd (RIL) or any Adani Group company since 1 April 2022, even as it rejected similar proposals at other large companies.

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Former DBS CEO is Temasek India's new non-exec chair

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Apple's 5th India store to open in Noida soon

Apple announced on Friday it will open its fifth retail store in India on 1 December in Noida's DLF Mall of India—marking its second store in the National Capital Region after Delhi, which opened in April 2023.

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The ghosts that the wind and wildlife mimic

I couldn't be someone knocking on my door, could it?

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Everything that’s wrong with India’s development story

This new book inquires into the conditions under which India has tried to develop in the past 75-plus years

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Recreating Dharmendra's timeless style

The late movie superstar was the definition of what it means to have a strong personal style

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Unfussy local bars make a comeback

Neighbourhood spots with affordable pricing and good food are back in the spotlight

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Women as custodians of Monpa heritage

The Monpa community in western Arunachal Pradesh is reviving its craft traditions and ploughing the surplus income into wildlife, habitat and heritage conservation

time to read

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