Earlier quoted context omitted.
It's very simple, when you privatize something, it magically becomes cheaper. Because of "efficiencies". The way this works is you can always get a private company to pitch a service for a lower price than you're currently paying. Then it's up to them to squeeze a profit from that service by providing a lousy service. This is called "the power of the market". But because the service is lousy, and the public doesn't l…
It's very simple, when you nationalize something, it magically becomes cheaper. Because it doesn't have to pay out "profits" to "shareholder". The way this works is that you can always get a politicians to promise whatever to whomever, as long as it will get him reelected. Then it's up the the public company to constantly pursue quick successes (usually in the form of various prestige projects which includes hiring h…
In many cases the services that have recently been privatized were never nationalized to begin with - they were public services, like garbage collection or public transport, that have no obvious market competition model to follow.
Your definition of "rent-seeking" is also incorrect. Rent-seeking behaviour is when an economic agent attempts to manipulate public policy for private gain. A government body cannot engage in this behaviour by definition, as it does not take a profit, and is not private. It can fight its corner though - seeking more funding - but then it must spend that money on things like schoolbooks or hospital beds. This is considered a horrifying waste of resources to the private sector, which knows that those funds could better be spent on yachts and hookers.