I think the better criteria is whether the company or industry could exist at all without serving the state.

Indeed. But what percent of a company's revenues need to come from the public sector before you stop calling it a private company?

SimpleStacker

The term that best describes the CEO of the “private” company Flock is “parasite” or “plutocrat” or “welfare queen” because his “business model” is simply finding ways to exploit the taxpayers.

Politics_And_Law

econ

By Ryan McMaken
> The term that best describes the CEO of the “private” company Flock is “parasite” or “plutocrat” or “welfare queen” because his “business model” is simply finding ways to exploit the taxpayers.