- Chomsky talks [here](https://youtu.be/ywt8XGElmwU) about the premise of privatisation being centred around improving efficiency. But efficiency is improved by doing funny things- limiting access. - Steel in Brazil was produced and sold cheaply by the govt, which helped companies get subsidised access to steel but this was misrepresented to the point of making steel being privatised. Nationalised steel was probably a good thing. - Same thing was seen with British water being privatised. This system looked good in terms of profit but didn’t work to actually provide water. - Pressure to privatise comes from private power. - Profit as a metric for water or steel company is senseless when their metric should be providing/widening access to these resources.