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Publicly owned enterprise: Ever heard of the North Dakota Mill?

Teke Wiggin

Critics of public ownership say such schemes are not only confiscatory but inefficient, arguing there is little incentive in state-owned enterprises to contain costs, weed out corruption or terminate less-productive workers. One notable example of a publicly-owned enterprise that has managed to avoid such pitfalls can be found in North Dakota. [...] The facility "demonstrates that public ownership is a viable option beyond traditional sectors such as water, energy, and transportation," political economist Thomas Hanna told Al Jazeera.