Monetizing value improves democracy and yields

Abstract

One would never expect a politician in charge of healthcare, or their ministry appointees, to run a hospital or decide which X-ray equipment to buy. Yet, as long as the governance of public commercial assets is kept inside government, as in a centrally planned economy, politicians and government bureaucrats will always be suspected of interference. If fear of being accused of interference leads to totally passive ownership, orphaned SOEs may also fail.