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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.

MEER VERHALEN VAN Mint Hyderabad

Mint Hyderabad

Apple set to regain top smartphone maker spot after 14 yrs

Apple Inc.

time to read

1 min

November 27, 2025

Mint Hyderabad

SP Eyes Tata exit to cut debt costs

Debt-laden Shapoorji Pallonji Group is banking on Tata Trusts softening the stance on its potential exit from Tata Sons to reduce its borrowing costs, two people aware of the matter said.

time to read

1 min

November 27, 2025

Mint Hyderabad

Mint Hyderabad

Is Bengaluru’s appetite for fast food restaurants waning?

Quick-service restaurants have flagged weakening demand in the key market

time to read

2 mins

November 27, 2025

Mint Hyderabad

IL&FS group repays ₹48,463 cr loan

Debt-ridden IL&FS group has repaid ₹48,463 crore to its creditors as of September 2025, out of the total ₹61,000 crore debt resolution target, as per the latest status report filed before insolvency appellate tribunal NCLAT.

time to read

1 min

November 27, 2025

Mint Hyderabad

Tejas will work with Airtel, BSNL to fix signal in Rajasthan

Tejas Networks Ltd will cooperate with Bharti Airtel Ltd and Bharat Sanchar Nigam Ltd (BSNL) to resolve the network interference issues reported in Rajasthan quickly, the Tata group company said on Wednesday.

time to read

1 mins

November 27, 2025

Mint Hyderabad

Mint Hyderabad

'First-gen founders take bigger investment risks'

India’s markets are minting a new class of first-generation millionaires: entrepreneurs who’ve scaled ideas into Initial public offerings (IPOs) and unlocked unprecedented personal wealth.

time to read

2 mins

November 27, 2025

Mint Hyderabad

Mint Hyderabad

Aramco taps Citi for oil storage stake sale

Saudi Aramco has chosen Citigroup to help arrange a potential multibillion-dollar stake sale in its oil export and storage terminals business, people familiar with the matter said.

time to read

1 min

November 27, 2025

Mint Hyderabad

MO Alternates launches its maiden private credit fund

The %3,000 crore fund has drawn capital from family offices, ultra-HNIs and institutions

time to read

3 mins

November 27, 2025

Mint Hyderabad

Mint Hyderabad

Fintechs turn fund magnets with cross-border licensing

Funders see growth prospects in central bank's payment aggregator-cross border licensing

time to read

3 mins

November 27, 2025

Mint Hyderabad

Mint Hyderabad

Reliance JV, L&T to plough $13.5 bn into data centres

India’s data-infrastructure buildout hit a $13.

time to read

1 min

November 27, 2025

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