What's your opinion about why it hasn't worked out well for city governments?
Maybe a tragedy of the commons? "Well, it's not my money being spent, why not give the unions a bigger pension"? Whereas in a private company there is always someone who wants the company to continue to be profitable.
Maybe a tragedy of the commons? "Well, it's not my money being spent, why not give the unions a bigger pension"? Whereas in a private company there is always someone who wants the company to continue to be profitable.