Step 3: Creating Market Dynamics  Not all public activities
should be subject to competition, as noted above. In the private
sector, we call these utilities and regulate them to protect the
consumer. They are run in a businesslike fashion, and they
respond to the market. (For instance, they have stockholders and
boards, and they can borrow on the capital markets.) They simply
don't face competition.  Many governments, including our federal
government, do something very similar. They create government-
owned corporations to undertake specific tasks. The Postal
Service and Tennessee Valley Authority are two examples. Such
corporations are free from many restrictions and much of the red
tape facing public agencies, but most of them remain monopolies
--or, as with the Postal Service, partial monopolies.  At other
times governments subject public organizations to market
dynamics, stimulate the creation of private enterprises, or spin
off public enterprises to the private sector. To get the best
value for the taxpaye