“The standard technique of privatization: defund, make sure things don’t work, people get angry, you hand it over to private capital.”

Simplified Meaning:

When someone wants to move a service from government control to private companies, they might first reduce the funding for that service. This lack of funding makes the service perform poorly, which frustrates the people who rely on it. When people get upset enough with how badly things are working, they’re more likely to agree to let private companies take over running that service, hoping for improvement. Imagine a public bus system in a city. Suppose the people in charge decide to cut back on money spent on buses, leading to fewer buses, longer wait times, and breakdowns. Passengers get fed up with the delays and poor service. After a while, a private company offers to take over the bus service, promising better and more efficient buses. Many people, frustrated with how things have been, may support the idea, thinking it will solve the problem. This approach is often used to push for privatization of different public services, like hospitals or schools.